In February 2025, SAF efforts continued despite some industry adjustments, marked by new agreements, production advancements, and investment initiatives.
- Southwest Airlines reduced its commitment to SAF and climate initiatives.
- Air Products, a leading U.S.-based gas company, announced its exit from three U.S.-based projects, including its agreement with World Energy to expand a SAF facility in Paramount, California.
- Haffner Energy, a French clean energy provider, signed a long-term SAF offtake agreement with ATOBA Energy, a French SAF producer. Details on the offtake volumes have not been disclosed.
- Alexion, a subsidiary of AstraZeneca, a U.S.-based pharmaceutical company, partnered with DHL Express to use 100% SAF for its air freight of medicines produced and shipped from Ireland, Europe.
- Three Japanese firms, Nippon Paper Industries, Sumitomo Corporation, and Green Earth Institute (GEI), announced the setup of a joint venture company named Morisora Bio Energy to produce ethanol for SAF production in Japan.
- New Rise Renewables, a U.S.-based renewable fuel producer, announced commercial production of its SAF facilities in Nevada, U.S., and secured its first SAF order through a partnership with XCF Global, a U.S.-based SAF distributor. The facility is expected to supply ~3 million gallons of SAF annually, with initial deliveries set for early March 2025.
- OMV, an Austrian energy company, began construction on its SAF and renewable diesel (HVO) facility at the Petrobrasi Refinery with a production capacity of ~83 million gallons of SAF and HVO annually.
- Verso Energy, a French energy supplier, signed an agreement with the city of Oulu in Finland, Europe, to develop a $1.5 billion hydrogen processing plant to produce ~26 million gallons of e-SAF annually.
- Cosmo Oil, a leading Japanese oil company, secured a government grant from Japan’s Ministry of Economy, Trade, and Industry (METI) to support a SAF project in collaboration with Mitsui & Co. The SAF facility aims to be operational in 2029 with a production capacity of ~40 million gallons of SAF annually at Sakaide, Japan.
- ENEOS Corporation and Mitsubishi Corporation announced a collaboration to conduct a front-end engineering design (FEED) study for the SAF facility at ENEOS’ Wakayama plant in Arida, Japan. The plant is expected to begin operations in 2028, producing ~100 million gallons of SAF annually.
- FatHopes Energy, a Malaysian biofuel feedstock company, announced a partnership with Topsoe to explore SAF production in Malaysia.
- The International Civil Aviation Organization (ICAO) announced the launch of ICAO Finvest Hub, a global platform to connect aviation sustainability project developers with investors to scale SAF production.
- Indonesia considers implementing a 3% SAF mandate starting in 2026, advancing from its initial 2027 target.
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