SAF Industry at a Glance
Americas | March 2026
The key SAF market developments in March 2026 include:
Crude oil pricing has seen a drastic increase since the beginning of March due to the conflict in Iran and the closure of the Strait of Hormuz. Analysts are expecting $150 per barrel of oil if the conflict continues through the end of March and may trend toward $200 per barrel as warned by Iran. This comes just a month after analysts were expecting crude oil prices to dip into the mid $50s per barrel.
Jet pricing increased modestly for the month of February and is expected to continue to increase at a more rapid pace following crude and other petroleum pricing. For the week ending March 13th, the EIA reported average jet fuel prices at almost $3.80/gal. SAF margins did not increase across the board with this increase in jet pricing due to increasing feedstock prices.
US SAF premiums are holding steady following the incentive reductions in 2026. Producers and purchasers are still waiting to see how incentive updates affect the market in the US.
Southern Energy Renewables has said that it will invest $1.4 billion to develop a green methanol and sustainable aviation fuel production facility in Louisiana with construction expected to begin in late 2027.
Montana Renewables is expected to increase SAF production to 150MM gallons annually with expected completion of their turnaround in the second quarter of 2026.
Montana Renewables and World Energy Clean Fuels have announced a SAF agreement that will deliver more than 70 million gallons to the market over the next three years.
Verso Energy has selected Honeywell’s eFiningTM methanol-to-jet processing technology to produce eSAF at seven planned production sites across the US and Europe.
Gevo Inc., released its Q4 financial results on March 5th, reporting a $2.2 million operating loss with a positive adjusted EBITDA. For the full year, Gevo reported $161MM in total revenue compared to $17MM in 2024 and positive adjusted EBITDA of $16MM versus a negative $58MM adjusted EBITDA in 2024.