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Biofuel Market Roundup: SAF and Airfare Costs, EUDR Concerns, and More
ResourceWise : Jul 22, '24
The biofuel market has seen its share of movement in recent weeks. With regulatory compliance and biofuel blending mandates on the horizon, understanding these trends is growing increasingly critical.
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Featured News and Insights
Should the EUDR be Delayed?
ResourceWise
The EUDR’s proposed enforcement is set to start on December 30, 2024. As this date draws nearer, many industries are facing a compliance crisis.
Will Airfare Prices Increase Because of SAF?
ResourceWise
As biofuel regulations and blending requirements push aviation toward renewables, one important concern continues to come up: will this mean higher airfare costs?
US Clean Fuel Tax Credit Offers Big Incentives for Biofuel Producers
ResourceWise
On May 31, the US Treasury Department and the Internal Revenue Service (IRS) rolled out guidelines detailing how to register for the Section 45Z Clean Fuel Production Tax.
Biodiesel Production Hits Record Highs as Demand and Adoption Surge
Harvey Greer
Global biodiesel production has hit record levels, and the trends show continued growth across the industry. The increase further signals increasing biofuel adoption and usage within practically all market sectors.
UK Launches Anti-Dumping Probe on Chinese Biofuel Imports
ResourceWise
The UK recently announced an anti-dumping investigation specifically focused on Chinese biodiesel. The move will likely cause some disruptions in Chinese trade in the short-term, with longer-term effects uncertain until the results are released.
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