Oil prices

Buffalo Biodiesel secures $300mn from Verite Capital to expand its used grease collection and processing operations to 25 US states and build two renewable gas plants.
The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.

LanzaTech amends LanzaJet agreements to strengthen strategic control

LanzaTech has signed revised agreements with LanzaJet’s shareholders, increasing its equity stake and extending its technology licensing rights through 2031.
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California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.
India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.

Six oil companies fined €937mn for bioethanol price fixing in Italy

Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.
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LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.

Altalto secures public funding for its UK waste-to-aviation fuel project

Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
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Shell ends construction of its biofuels plant in the Netherlands, citing low competitiveness, while reinforcing its oil activities, raising questions over its previous energy commitments.
With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.

CNAF Acquires Stake in Private Sustainable Aviation Fuel Refinery

China’s aviation fuel distributor CNAF announced a new investment in a private sustainable fuel refinery, reinforcing its integration strategy within an emerging sector considered critical to the country’s aviation industry.
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According to O Globo, Petrobras is exploring an entry into Raízen, either through equity investment or asset acquisition, to return to the ethanol market. A decision is expected by the end of 2025, under legal constraints tied to fuel distribution.
Grapevine Energy completes its financial reorganisation, eliminates part of its debt and secures over $60mn in new funding, while appointing a new leadership team to oversee its biofuels operations.

Airbus and Indonesia join forces to produce 100 million tonnes of sustainable aviation fuel

Airbus Singapore and Bogor Agricultural University in Indonesia are developing aviation fuel from biomass, aiming for an annual capacity of 100 million tonnes.
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Fusion Fuel Green PLC will invest €480,000 in a South African joint venture to deploy proprietary boiler technology at an industrial site, with cash flows expected from the first year.
The national strategy grants limited space to biofuels and biocombustibles, despite their immediate potential to reduce emissions, putting the sector in difficulty as it calls for a clear regulatory framework and stronger institutional support.

The e-fuels market targets $66.25bn by 2030 driven by Asia-Pacific momentum

E-fuels growth is accelerating with the market expected to reach $66.25bn by 2030, fuelled by Asia-Pacific’s industrial expansion, technological advances, and investments in hydrogen and ammonia infrastructure.
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Three locations in British Columbia, Ontario and Quebec will host facilities aiming to convert wood waste into renewable diesel using a process validated by a recent feasibility study.
Phillips 66 has been ordered to pay $820mn to Propel Fuels for using trade secrets to accelerate its activities in renewable fuels.
FuelWise, replaces its E85 dispensers with ethanol-free gasoline supplied by Hyperfuels, increasing its daily sales by 650%.
The German companies HIF Global, Lother Gruppe and eFuel GmbH are joining forces to make e-fuels more accessible in Europe.