2026 May SAF Tracker highlights – #86

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The global SAF market is accelerating as capital, technology, and policy move in sync. ENOC is advancing long-term offtake in the Middle East, NorSAF is scaling Latvian capacity with KBR’s PureSAF, and Brazil is surging with a $1 billion Petrobras-led project nearing FID alongside Acelen’s $1.5 billion refinery financing. Technology rollout is consolidating as Axens expands its Vegan platform, while Europe doubles down on eSAF with Germany’s €1.3 billion electrolyzer push, supported by Sweden’s funding and Brazil’s new feedstock mandate. As capital stacks and mandates tighten across regions, staying on top of these shifts is critical.

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