Newsom Proposes SAF Tax Credit Worth Up to $300M a Year. California's Own Analysts Say Reject It.
April 9, 2026
A $1-$2 per gallon production credit for California refiners would divert diesel excise taxes earmarked for road repair, with Phillips 66 as the primary beneficiary.
Image source: Image Source: CalMatters
Sora Fuel Closes $14.6M Round on Air-to-Jet eSAF Claiming Carbon Under $50 Per Ton
Spero Ventures and Inspired Capital lead the round as Sora targets carbon-negative jet fuel at under $5 per gallon using only air, water, and renewable energy.
Singapore Starts Collecting the World's First Mandatory SAF Passenger Levy
Ticket sales opened April 1, with economy passengers paying S$1 to S$10.40 per seat depending on destination band.
Hormuz Blockade Sends Jet Fuel to $205 a Barrel and Cancels Thousands of Flights
Iran's closure of the Strait of Hormuz has triggered emergency fuel rationing at seven Italian airports, forced airlines to cut routes and raise fares, and sharpened the energy security case for domestic SAF production
Seven Latin American Nations Sign SAF Corridor Pact at FIDAE Santiago
Colombia, Chile, Costa Rica, Panama, Aruba, Peru, and Bolivia signed Letters of Intent at FIDAE committing to a coordinated low-emission air corridor with four pillars covering regulation, production, and clean energy export
Infinium Wins SABA Next-Gen eSAF Procurement: Project Atlas Targets 100,000 Tonnes With American Airlines Delivery
Project Atlas beat more than a dozen competing advanced biofuels and eSAF projects to become SABA's selected next-generation supplier, with American Airlines taking physical delivery under a book-and-claim structure
Philippines CAAP Launches SAF Adoption Drive on Back of March Policy Workshop
The Civil Aviation Authority of the Philippines held its first SAF Policy Development Workshop in March 2026, citing rice and coconut waste as priority feedstocks and a 65-80% emissions reduction target
Egypt's $570M SAF Plant in Alexandria Advances Toward 2029 Startup
State-owned ESAF is finalizing permits, contracts, and financing for a 120,000-tonne-per-year HEFA facility using Honeywell UOP's Ecofining process
XCF Global and Axens Sign 3-Year Deal to Scale Modular HEFA Refineries
The 3-year commercial collaboration enables XCF to pair its modular refinery design with Axens Vegan HEFA process through a licensing-based model
Three Days to Comment: Treasury's 45Z Proposed Rule Cuts SAF's Special Credit Rate
Treasury and IRS proposed regulations implementing OBBBA changes drop SAF's base credit rate from $0.35 to $0.20 per gallon. Industry has until April 6 to weigh in.
UK SAF Carbon Claims Face Independent Scrutiny Under New Zemo Scheme
Zemo Partnership's voluntary assurance scheme extends its proven road transport verification model to aviation, targeting carbon accounting accuracy across UK SAF supply chains.