SAF Industry at a Glance
Europe | April 2026
The key SAF market developments in April 2026 include:
Crude oil and petroleum product pricing continue to be elevated due to the ongoing conflict in the Middle East. The blockade in the Strait of Hormuz has caused crude oil supply concerns, resulting in significant increases in all petroleum product prices and measurable decline in crude oil demand globally.
Jet fuel and Brent crude oil spot pricing both saw increases in the month of April. Brent prices saw a steeper incline compared to Jet pricing, leading to a slight reduction in crack spread.
In April, the European Commission re-confirmed that it would not be altering the ReFuelEU mandate framework in the near term for bio-SAF or eSAF.
Aer Lingus and Ireland plan to request that the EU temporarily remove import tax on SAF coming into the EU from the United States due to increasing fossil jet prices caused by the conflict in the Middle East.
The lowest grades of FAME biodiesel are pricing lower than conventional diesel for the first time due to the increase in fossil fuel prices. As reported by Argus, FAME 0 was listed on open market platforms at between $25-80/mt lower than ICE gasoil for April loadings, with rapeseed OME at discounts of $5-35/mt.
UK ethanol producer Ensus announced it would be receiving £100m GBP in funding from the UK Government to keep its mothballed biorefinery on standby and ready to restart. This is aimed at maintaining a secure domestic supply of biogenic CO2 and renewable ethanol for fuel blending.
Nufarm Limited announced it had extended its partnership with BP to 2050. This deal is focused on production of Nufarm Carinata, a non-food cover crop (intermediate) that can be used as a biofuel feedstock.
Ineratec, which operates a commercial-scale e-fuels unit in Karlsruhe, Germany, announced that it had signed a JV with French industrial group TERTU called T.H2. The group will develop a synthetics fuels plant near Caen, Normandy as part of the BELair Project, converting 60,000 tpy of wood residue into efuels using Ineratec’s eFT pathway.
Eni announced that it had signed a €500m EUR loan agreement with the European Investment Bank (EIB) to fund its biorefinery project at the Sannazarro de’ Burgondi refinery in Pavia, Italy.
Metafuels NL received €1.92m EUR in funding from the Dutch Government to fund development and FEED engineering of its Turbe project – an e-SAF facility in the Port of Rotterdam using Metafuel’s proprietary methanol to jet technology.
Arcadia eFuels, which is developing several eSAF facilities across Europe announced that it signed a grant agreement with the European Commission for its ENDOR project in Vordingborg, Denmark, which aims to produce 80,000 tpy of e-fuels, including SAF.