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California bill aims to cap LCFS credit prices

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By Erin Krueger

June 26, 2025

Policy Business Markets 

Legislation introduced in the California Senate on June 23 aims to cap the price of Low Carbon Fuel Standard credits as part of a larger effort to overhaul the state’s fuel regulations and mitigate rising gas prices.

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XCF Global Inc., the owner of a 38 MMgy SAF plant located near Reno, Nevada, on June 24 announced plans to license its integrated SAF platform. On June 26, the company signed a non-binding MOU an Australian company to develop SAF projects.

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Lufthansa Group announced it is entering into an agreement with Airbus in the field of more sustainable business travel via the “Sustainable Corporate Value Fare” program, which allows business customers reduce emissions with SAF.

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4AIR on June 24 announced a significant milestone: its Assure SAF Registry, a private blockchain-backed ledger and inventory management tool, has well surpassed 10 million gallons of SAF registered on the platform.

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The International Energy Agency in June published its World Energy Investment 2025 report, predicting that investment in liquid biofuels, biogases and low-emissions hydrogen will increase 30% this year to a record high of nearly $25 billion.

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The 2025 International Fuel Ethanol Workshop & Expo, held in Omaha, Nebraska, concluded with record-breaking participation and industry engagement, reinforcing its role as the largest and most influential gathering in the global ethanol sector.

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Blue Biofuels has annoucned the issuance of a new U.S. patent, further strengthening the company’s expanding intellectual property portfolio. This latest patent brings the company’s total number of granted patents to seven.

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TotalEnergies and Quatra, the European market leader in the collection and recycling of used cooking oil, have signed a 15-year agreement beginning in 2026, for the supply of 60,000 tons a year of European used cooking oil.

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Neste has reached an agreement with Amazon to provide 7,500 metric tons (2.5 million gallons) of neat Neste MY Sustainable Aviation Fuel for its Amazon Air cargo operations at two California airports through to the end of 2025.

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TotalEnergies has announced the company expects its facilities will be able to produce more than half a million tons of SAF a year by 2028 to cover the increase in the European SAF blending mandate, set at 6% for 2030.

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XCF Global Capital Inc., the owner of a 38 MMgy SAF plant located near Reno, Nevada, on June 6 announced the successful completion of its business combination with Focus Impact BH3 Acquisition Co., a special purpose acquisition company.

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Boeing will invest $17.48 million CAD to strengthen the energy security of Canada and bolster the country’s economic growth. The investments will promote the production of sustainable aviation fuel (SAF).

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USA BioEnergy on June 10 announced it has signed a letter of intent with LP Building Solutions that outlines plans to enter a long-term supply agreement for sustainably sourced wood fiber to support operations at a proposed biorefinery in Texas.

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At the world’s largest ethanol conference, BBI International recognized Gillian Harrison, Steffen Mueller, Rick Schwarck and Michael Jerke for their outstanding contributions to the biofuels industry.

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Enersur S.A. has selected Praj Industries to develop an integrated biorefinery project in Paraguay. The biorefinery will produce ethanol, distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen and SAF.

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RIC Energy and Siemens have signed a MOU to jointly develop innovative projects in the fields of renewable hydrogen, green ammonia, and e-fuels in Spain. The collaboration will boost the e-SAF plant that RIC Energy is developing.

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SAFasia Inc. and Emerging Fuels Technology Inc. announced on May 27 the signing of a memorandum of understanding (MOU) to finalize a master license agreement to support the development of SAF projects throughout the Philippines.

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AM Green and the Port of Rotterdam Authority signed a memorandum of understanding to focus on building a green energy supply chain between India and Northwestern Europe via Rotterdam. This includes the supply of bunkering fuels and SAF.

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Honeywell, Johnson Matthey, GIDARA Energy and SAMSUNG E&A on June 5 announced the formation of a strategic technology alliance to bring a groundbreaking end-to-end global solution to market for producing SAF from biomass and MSW.

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France-based Global Bioenergies on June 3 announced the company has launched an official search for buyers in the form of a “pre-pack sale” as part of a conciliation procedure. Purchase offers are due July 9.

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Legislation pending in Nevada aims to create a sustainable aviation fuel (SAF) incentive fund that would provide an incentive of $2.50 per gallon to domestic air carriers to support the purchase of SAF produced within the state.

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Syzygy Plasmonics on June 3 announced the company has initiated front-end engineering and design (FEED) with Kent for NovaSAF 1, an electrified biogas-to-SAF facility under development in Durazno, Uruguay.

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LanzaJet and ATOBA Energy have signed a memorandum of understanding (MOU) to collaborate on accelerating sustainable aviation fuel (SAF) deployment and creating new commercial models for the market.

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Operable U.S. biofuel production capacity expanded slightly in March, according to data released by the U.S. Energy Information Administration on May 30. Feedstock consumption was up when compared to the previous month, but down from March 2024.

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Castle & Cooke Aviation, a premier provider of luxury FBO services, now offers sustainable aviation fuel (SAF) from Avfuel Corp. at Van Nuys Airport (VNY) in Southern California. The SAF produced by Neste.

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General Index and ATOBA Energy are partnering to bring a brand-new vision of how SAF benchmarks are built. SAF indexes need to be tailored to the unique cost profiles of diverse production technologies, the companies said.

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The Singapore Airlines Group has signed agreements with Neste and World Energy to acquire sustainable aviation fuel (SAF) and SAF certificates, respectively. The purchases include 1,000 metric tons of neat SAF from Neste.

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Biomass Magazine has announced the dates for the 19th annual International Biomass Conference & Expo. The event is scheduled to be held March 31-April 2, 2026, in Nashville, Tennessee, at the Gaylord Opryland Resort & Convention Center.

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Infinium announced on May 19 that construction is underway on its second U.S.-based eFuels production site in Texas, known as Project Roadrunner. Once operational, the facility will produce 7.6 MMgy of eSAF and other eFuel products.

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Virgin Australia and Boeing on May 22 released a report by Pollination on the challenges and opportunities of an International Book and Claim system for sustainable aviation fuel (SAF) accounting.

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