The most attractive markets for renewable diesel (RD) and sustainable aviation fuel (SAF) are Europe and the UK, Eric Fisher, senior vice president of US-based fuels producer Valero, said in the company’s 2024 fourth quarter earnings call on Thursday January 30.

Valero makes both renewable fuels through its joint venture with Darling Ingredients, Diamond Green Diesel.

Valero confirmed in the call that it would continue to use imported used cooking oil (UCO) to produce both RD and SAF, even though it would disqualify at least the RD from tax credits in the US, because the company will be exporting its products to Europe.

The Clean Fuel Production Credit (CFPC), which became active on January 1, requires RD emissions to be calculated using the most recent version of the Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) Model, which disallows the use of imported UCO.

…