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The 5 mgy Fresno, California-based biodiesel producer signed a five-year, $48 million deal with STX Group and plans to expand into renewable diesel and SAF production.

The proposal was submitted jointly with American Airlines, which will take delivery of and use eSAF from Project Atlas.

Baxi began the transition from diesel to hydrotreated vegetable oil (HVO), also known as renewable diesel, in 2024 and has continued the journey into 2026.

The round was co-led by Spero Ventures and Inspired Capital, alongside super pro-rata investments from Engine Ventures and Wireframe Ventures.

The partnership marks Optimus’ entrance into the European market and establishes a model for pairing its vehicle technology with waste-based fuel supply.

Researchers at ORNL developed catalysts that enable a single-step conversion of ethanol to olefins, which can then be used to produce SAF.

IRFA noted that the proposed rule is a great first step, but key modifications are necessary to unlock 45Z’s full potential. 

This collaboration is anticipated to enable XCF to deploy its proprietary modular refinery design and engineering blueprint in combination with Axens Vegan® process.

The treasury department’s responsiveness to industry input was appreciated by the trade association and its members.

The collaboration combines operational gasification and Velocys technology to deliver cost-competitive SAF production in India.

Targeted clarifications will make the credit workable and effective, the trade association said.

Janice Shiu is conducting research at the University of Illinois to improve the reliability and resilience of soybean and corn yields in the Midwest.