Published on
Thursday, October 31 2024
Authors: Harold "Skip" York - Senior Vice President and Chief Energy Strategist
“No. Mr. Bond, I expect you to die” Auric Goldfinger in Goldfinger On October 16, 2024, Phillips 66 announced plans to cease operations at its Los Angeles-area refinery (P66-LA) in the fourth quarter of 2025. The company will work with the state of California to supply fuel markets and meet…
Published on
Thursday, October 24 2024
Authors: Eamon Cullinane
In just the past four years, over $9 billion USD of capital has been deployed for the production of renewable diesel and sustainable aviation fuel in North America alone. At an average capital cost of $3.50/gallon of distillate capacity, it’s quite an expensive industry to enter. So where did all…
Published on
Wednesday, August 21 2024
Authors: Bailey Overton
Introduction The Inflation Reduction Act (IRA) 40B has left SAF producers and blenders with limited opportunities for participation. Given its short two-year credit window, coupled with delayed guidance and stringent regulations, 40B fails to provide the necessary framework for substantial growth in SAF production. However, four states have implemented tax…
Published on
Thursday, July 25 2024
Authors: Bailey Overton - Regulatory Consultant
In 2022, the U.S. Departments of Energy, Agriculture, and Transportation collaborated to establish the Sustainable Aviation Fuel (SAF) Grand Challenge. The U.S. aims to produce 3 billion gallons of SAF annually by 2030. The goal is to cover 100% of the aviation fuel demand with SAF by 2050, estimated at…
