Mazda Motor Corporation has announced that its R&D project "Development of High-Density Microalgal Biofuel" was selected for the fiscal 2026 program of NEDO, the Japanese government agency that funds the commercialization of energy-saving decarbonization technologies. The project targets renewable HVO biodiesel refined from microalgal lipids. Mazda, which has researched algae biofuels since the 2010s together with Hiroshima University and the Tokyo Institute of Technology, will lead the upstream chain — high-density cultivation, harvesting, drying and lipid extraction — while Idemitsu Kosan will study refining the extracted lipids into usable fuel. Mazda says it has validated production of more than one liter of fuel in about two weeks from a 1000-liter cultivation tank. As a first industrial application, the company aims to factory-fill every diesel vehicle built at its Japanese plants with algae-derived HVO biodiesel in the early 2030s. Director and CSO Takeji Kojima framed the effort within Mazda's multi-solution strategy toward a regional circular energy model.
XCF Global Inc. (Nasdaq: SAFX) reported September gross product sales of more than $12 million from renewable diesel, shipping about 1.4 million gallons from its New Rise Renewables Reno facility in Nevada. Daily production rose to roughly 85,000 gallons per day by end-September, up from about 50,000 gal/day when the plant restarted earlier this year and over 70,000 in August. Revenue covers fuel sales, government incentives and renewable attributes. CEO Chris Cooper said the facility is scaling toward repeatable, sustainable commercial operations on the path to its 38-million-gallon-per-year nameplate capacity.
Neste posted comparable EBITDA of EUR 1,203 million in Q2 2026, an all-time high driven by record renewable diesel margins and wide refining spreads. The company attributes performance to Middle East supply shocks and supportive regulatory mandates in Europe and the US.
Why it matters:Neste's record Q2 2026 results highlight the financial impact of geopolitical supply shocks and regulatory mandates on renewable fuel margins.