US production of sustainable aviation fuel nearly doubled to 44,000 barrels per day in February 2025 from December 2024, the US Energy Information Administration said Tuesday.
EIA said investments in SAF have increased due to federal tax credits and various state-level incentives, which has contributed to the increase in the fuel type.
Despite strong growth in SAF as a percentage, overall volumes will remain modest, accounting for less than 2% of about 1.7 million b/d of jet fuel consumption in the US in 2025 and about 2% in 2026, the EIA stated. Total US SAF production is measured under the EIA's "Other Biofuels" category.
Data revealed that production increased to 33,000 b/d in January, up nearly 30% from the previous high recorded in September 2024.
With SAF production capacity now around 30,000 b/d compared to just 2,000 b/d at the start of 2024, the EIA expects SAF to become the primary driver of growth in the Other Biofuels category.
Phillips 66 (PSX) brought a 10,000 b/d of SAF production capacity online at its Rodeo, California, facility in Q3 2024. Though Phillips 66 temporarily halted production in Q4 2024, new contributions from smaller producers have continued to push overall capacity higher, the EIA said.
Diamond Green Diesel, headquartered in Norco, Louisiana, commissioned a 15,000 b/d SAF plant in Port Arthur, Texas, in Q4 2024. New Rise Renewables also began SAF production at its Reno, Nevada plant in February 2025, adding up to 3,000 b/d to the existing capacity.
Oil major Par Pacific is targeting a mid-to-late 2025 startup at its Kapolei, Hawaii, facility, which is expected to bring on an additional 2,000 b/d.
Price: 105.61, Change: +0.22, Percent Change: +0.21
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。