In September 2021 the government initiated the Three Billion Gallon Sustainable Aviation Fuel Challenge. The goal is to increase the production and use of sustainable aviation fuel (SAF) in the US. The target is to achieve domestic annual production of three billion gallons of SAF by 2030.
The SAF tax credit, as part of the Build Back Better Agenda, is expected to help cut costs and incentivize domestic production of SAF. In 2021, domestic SAF production reached five million gallons. In 2022, it climbed to 7.9 million gallons, and in 2023 it reached 14 million gallons. Production continues to increase despite the SAF credit not yet being in place. There remains a long way to go for the industry to meet the three-billion-gallon challenge.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...