by Chris Cioffi (Bloomberg Tax) House Republican tax writers are seeking comments from biofuel supply chain stakeholders as existing tax credits near expiration and Treasury guidance on a replacement credit remains outstanding. Guidance on the 45Z credit enacted in the Democrats’ 2022
by by Jarrett Renshaw, Katharine Jackson and Timothy Gardner (Reuters) Democratic U.S. President Joe Biden aims to finalize a rule on a clean fuel tax credit before leaving office on Jan. 20, a senior White House official said on Sunday. The clean fuel
by Katie Schroeder (Ethanol Producer Magazine) With myriad technologies and decarbonization strategies to explore, and a growing list of compliance and carbon credit markets to access, ethanol producers have many decisions in front of them. The various lifecycle carbon analysis models,
by Kim Chipman and Tarso Veloso (Bloomberg) More than 30 trade groups across the energy, farming and transport sectors say a lack of US government guidance on tax credits is putting Americans at risk of higher fuel prices. The current
by Cindy Zimmerman (Energy.AgWired.com) Ethanol champion Rep. Mariannette Miller-Meeks (R-IA) held on to her seat in Congress in a close race last week, and after declaring victory she immediately joined Sharice Davids (D-KS) in introducing legislation to extend the Second Generation Biofuel Producer
by Cole Martin (Argus Media) ... The Inflation Reduction Act's "45Z" tax credit, starting in January, will offer greater federal subsidies to fuels that produce fewer emissions. The Biden administration could issue long-awaited guidance spelling out how the government will calculate carbon intensities
(Minnesota Bio-Fuels Association) Minnesota Bio-Fuels Association (MN Bio-Fuels) executive director, Brian Werner, was a moderator on a panel at the recent Sustainable Aviation Futures conference in Houston on Oct 3.Titled, “Carbon Accounting, Lifecycle Analysis and Favored Feedstocks,” the panel featured Shawn
by Leo Duke and Diana Leane (Carbon Capture Magazine) ... (P)olitical, business, economic, and environmental leaders agree on the need for these technologies as part of the overall mix of technologies to address climate change. ... 45Q Sets the Foundation for Commercial Deployment
by Sue Retka Schill (Ethanol Producer Magazine) ... Impressive 45Z tax credit incentives promise to reward ethanol producers who succeed in driving their CI below the qualifying threshold in the Inflation Reduction Act. The incentives are potentially even greater for those who
by Katie Schroeder (Ethanol Producer Magazine) The American Coalition for Ethanol’s 2024 conference, themed “The Gold Standard,” featured important figures with industry impact, including representatives from Summit Carbon Solutions and the U.S. Department of Agriculture. Held in Omaha, Nebraska, this year’s
(NATSO/PR Newswire) NATSO, representing America's travel centers and truck stops, SIGMA: America's Leading Fuel Marketers, and the National Association of Convenience Stores (NACS), today applauded Representative Mike Carey (R-Ohio) for leading a Dear Colleague letter urging all Members of the House of Representatives
(Internal Revenue Service) The Treasury Department and Internal Revenue Service today issued Notice 2024-74 PDF for the Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act. The SAF credit ranges from $1.25 to $1.75 for each gallon of sustainable aviation fuel in a
by Erin Voegele (Biomass Magazine) The USDA on Oct. 15 held a third virtual listening session as part of its public consultation on climate-smart agriculture for biofuel feedstocks. During the event, representatives of the U.S. biofuel sector advocated for flexibility in
by Anna Simet (Biomass Magazine) Doubling in attendance from its debut in 2023, the North American SAF Conference & Expo drew over 500 industry stakeholders to discuss progress and double down on initiatives to reach the near- and long-term goals of
by Cheyenne Kramer (AgWeb/Top Producer Podcast) Mitchell Hora of Continuum Ag joins the Top Producer podcast to share why he believes taking advantage of these credits will be the biggest opportunity in agriculture. -- With ...–the clean fuel production tax credit for
by Kelsey Tamborrino (Politico Pro) The department is working to complete regulations for several tax provisions of the Democrats' climate law before the end of President Biden's term. -- The Treasury Department intends to finalize rules for the production of clean hydrogen
by Cindy Zimmerman (Energy.AgWired.com) USDA received testimony Tuesday at a public consultation on climate-smart agriculture (CSA) and biofuel feedstocks urging federal agencies to embrace book-and-claim supply chain management approaches to decouple CSA carbon credits. Renewable Fuels Association President and CEO Geoff Cooper said
(Growth Energy) Growth Energy praised the introduction of new legislation that would extend the 45Z clean fuels credit, which is currently slated to expire at the end of 2027. The 45Z extension bill, the Farmer First Fuel Incentives Act, is sponsored by Senators Roger
•by Jim Wiesemeyer (AgWeb) ... There are a few key reasons why guidance on the 45Z clean fuel production tax credit program is taking a long time to be issued: • Complexity of the program: The 45Z credit is a new, technology-neutral credit based
by Todd Neeley (Ethanol Producer Magazine) Preliminary results of a new study released by the Energy Futures Initiative Foundation on Friday show corn ethanol has the potential to achieve near-net-zero carbon emissions by 2035 and net-zero by 2050, outlining the pathways
by Todd Neeley (DTN Progressive Farmer) Biodiesel producers need to know the rules for the 45Z clean fuel production tax credit now or there will be risk of industry shutdown, biodiesel industry members of the Iowa Renewable Fuels Association told the
by Jim Lane (Biofuels Digest) ... They called it “the technology that dare not speak its name” because it was too crazy risky, when they did not call it “the technology that could not scale” between the guffaws in many board
by Bob Starkey (LEC Partners/Biofuels Digest) In October 2023 the Biden Administration announced a USD $7B investment in clean hydrogen production. This historic program, known as the Regional Clean Hydrogen Hubs (H2Hubs), selected 7 locations across the U.S. to develop clean
(Clean Fuels Alliance America) Today, Clean Fuels Alliance America sent a letter to Treasury Secretary Janet Yellen, urging the agency to issue guidance, including safe harbors, to the §45Z Clean Fuels Production Credit by September 1. The new producer credit becomes
(Clean Air Task Force) Synthetic SAF will be an essential component of aviation decarbonization -- Synthetic sustainable aviation fuel (SAF) will be essential to decarbonizing aviation, especially as the sector’s demand for low-carbon energy carriers continues to grow. CATF analysis has shown that biofuel
by Chip Flory (AgWeb) It’s clear sustainable aviation fuel (SAF) could affect corn and soybean profitability for years to come. The demand for ethanol and bio-based diesel is widely based on how successful biofuels are in feeding the SAF market. That
by Jim Lane (Biofuels Digest) In this presentation, we explored the challenges faced in the transition to sustainable, available, reliable, affordable RNG and biogas. We look at the companies and technologies getting traction, new projects underway, the state of feedstocks, policy,
by Clare Fieseler and Brian Dabbs (E&E News Energywire) The Biden administration is preparing decisions that will determine the industry’s fate. --- ... Much of the industry — and Biden’s Democratic allies on Capitol Hill — are frustrated by the Treasury Department’s
By Heather Gieseke (AgWeb) 3 tips if you are considering regenerative practices and you have the ability to deliver your crops to a biofuels plant. -- ... While there’s still a lot to figure out, it’s clear farmers who produce low-carbon fuels
by Mark Dorenkamp (Brownfield Ag News) A new tool has been developed to help farmers and ag stakeholders better understand the carbon intensity score of corn as a feedstock for sustainable aviation fuel. Iowa State University Extension economist Alejandro Plastina says the
by Jim Lane (Biofuels Digest) In this presentation, we explored the challenges faced in the transition to sustainable, available, reliable, affordable feedsocks. We look at the crops getting traction, new crops developing, the role of residues, new data from the Billion
by Mark Magnuson (KXEL) The American Farm Bureau says that it wants a better tax deal for U.S. biofuel feedstocks and does not intend to keep out alternative or competing fuels from foreign producers. AFB and other farm groups recently called for
by Carlos Anchondo (E&E News Energywire) ... Last week, the IRS released new guidance for companies planning to claim 45Q. It contains details on what should be included in a life cycle analysis report to determine the amount of CO2 either captured from
(Oil Price Information Service/Morningstar) With a U.S. presidential election on the horizon, and potential changes to federal and state-level biofuel credit schemes looming, Valero executives on Thursday said they see "a lot of tailwinds" for its renewable diesel and sustainable aviation
by Cindy Zimmerman (Energy.AgWired.com) The U.S. Department of Agriculture received lots of input from biofuels groups this week on how to prove the impact of climate-smart farming practices on the greenhouse gas (GHG) net emissions estimates associated with the production of
(Clean Fuels Alliance America) Clean Fuels Alliance America submitted a highly detailed, technical response to USDA’s Request for Information on climate smart agriculture practices for biofuel feedstocks. While USDA’s analysis of climate smart agriculture will have impacts beyond the §45Z Clean
(Renewable Fuels Association) The Renewable Fuels Association today submitted comments urging the U.S. Department of Agriculture to implement the use of a “book-and-claim” accounting framework for tracking and transferring the greenhouse gas benefits of climate-smart agriculture (CSA) practices through the biofuels supply chain. The comments
by Helen Massy-Beresford and Graham Warwick (Aviation Week) ... SAF can cost 3-5 times as much as standard kerosene and accounts for around 0.5% of global fuel usage. In Europe, ReFuelEU mandates are set to come into force Jan. 1, 2025, but
by Katie Schroeder (Ethanol Producer Magazine) ... The industry waited for not months, but years to get an answer to that question, finally receiving direction in the 40BSAF-GREET 2024 model, released at the end of April. In an exclusive podcast interview with
by Mitchell Hora (Continuum Ag/Americans for Clean Aviation Fuels/Agri-Pulse) American farmers are ready to make the United States the world’s leading producer of sustainable aviation fuel, which currently represents the most promising pathway to achieving net zero carbon emissions in aviation.
(American Farm Bureau Federation/Morning AgClips) Shortcomings in recent provisions could put the benefits out of reach for many farmers in the U.S. -- Sustainable aviation fuel and clean fuel production tax credits have the potential to benefit farmers while lowering America’s carbon
(Internal Revenue Service) The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-25 related to which entities must apply for registration for the Clean Fuel Production Credit. The Inflation Reduction Act of 2022 (IRA) added a new income tax credit
by Pat Roberts (Wichita Eagle/Americans for Clean Aviation Fuels) ... Unfortunately, SAF represents less than one percent of the current market and costs two to four times more than traditional jet fuel. To tackle this challenge, the 2022 Inflation Reduction Act
by Leah Douglas (Reuters) The U.S. Department of Energy plans to spend $36 million on technologies to lower emissions from applying synthetic nitrogen fertilizer to corn and sorghum used in ethanol production, the agency said Thursday. The money would support projects that reduce
(NAFB News Service/Matt Kaye/Berns Bureau/American Ag Network) Sustainable Aviation Fuel tax treatment remains in limbo despite months of regulatory efforts and, most recently, a push to include the treatment of SAF crops in the House farm bill. Biofuel producers and feedstock
by Marc Heller (Politico Pro Greenwire) Biofuel groups say they expect the USDA to seek guidance on how climate-smart farming should play into the clean fuel production tax credit in 2025. -- Stung by criticism that a tax credit for sustainable aviation
(Pro Farmer/AgWeb) American Soybean Association (ASA) Chief Economist Scott Gerlt provided the following highlights: The 40B credit is available for 2023 and 2024. The program offers up to $1.75 per gallon for sustainable aviation fuel (SAF) with a carbon intensity (CI) reduction
by Todd Neeley (DTN Progressive Farmer) The IRS released guidance on Friday (May 31, 2024) on how to register for the 45Z Clean Fuel Production Credit, including a list of feedstocks that could qualify for the $1-per-gallon credit. The 45Z credit takes
by Leah Douglas and Jarrett Renshaw (Reuters) Little to no ethanol will qualify for U.S. sustainable aviation fuel (SAF) subsidies under a new pilot program by President Joe Biden's administration, which toughened climate requirements at the last minute, according to a Reuters review
by Rachel Frazin (The Hill) The Biden administration on Tuesday announced new guidelines for ensuring the integrity of carbon credits or offsets. While the practice of buying carbon offsets or credits is voluntary, the administration says it hopes to help ensure that credits being
(CNX Resources/Biobased Diesel Daily) To accelerate regional and national hydrogen and sustainable aviation fuel (SAF) development, KeyState Energy, CNX Resources Corp. and Pittsburgh International Airport (PIT) announced May 15 a collaboration to bring yet another transformational project to PIT property. The integrated
(Clean Fuels Alliance America) Today (May 15, 2024), 25 trade associations representing producers, feedstock providers, blenders, consumers, and retailers of low-carbon, renewable fuels sent a letter to Treasury Secretary Janet Yellen, urging Treasury to finalize and publish guidance for the §45Z Clean
by Chris Clayton (DTN Progressive Farmer) Farmers are still planting their 2024 spring crops, but their local biofuel plants are going to be increasingly focused on the carbon intensity score of those crops as well. The initial Treasury Department guidance for the
(American Ag Network) On Thursday's AOA, with guest host Mike Adams, we have another busy show today. In Segment One we have Mike Zuzolo with Global Commodity Analytics to discuss markets and the upcoming WASDE reports. In Segment Two we discuss
by Christian Robles (E&E News) Machinery that makes hydrogen fuel from water could become another energy technology whose production is centered in Asia. ... China leads the world in producing the essential technology for green hydrogen made from renewables: electrolyzers. The machines use
(bp) The plant can convert 9,600 standard cubic feet of landfill gas per minute into lower-carbon renewable natural gas (RNG). Plant is expected to produce enough renewable natural gas to heat up to 38,000 homes annually, according to the EPA Landfill
(Renewable Fuels Association) The 40B tax credit guidance and modified GREET model released today by U.S. Treasury begin to unlock the door for U.S. ethanol producers and farmers to participate in the emerging market for sustainable aviation fuels (SAF). However, more work
by Erin Schilling (Bloomberg Tax) The IRS needs more authority to properly evaluate—and deny, if necessary—biofuel tax credit claims, an agency watchdog said in a new report. The Treasury Inspector General for Tax Administration evaluated biofuel tax claims and found 42 of the
by Jarrett Renshaw and Stephanie Kelly (Reuters) The Biden administration is expected to release a climate model for its sustainable aviation fuel (SAF) subsidy program on Tuesday, two sources familiar with the matter said. The rule will dictate how ethanol producers can
by Chris Clayton (DTN Progressive Farmer) EPA Administrator Michael Regan on Friday spotlighted rural investments in new green funds while saying the Greenhouse gases, Regulated Emissions, and Energy use in Technologies (GREET) model update is coming in the "very near future"
by Jarrett Renshaw (Reuters) The Biden administration will release a preliminary climate model for its sustainable aviation fuel (SAF) subsidy program in the coming weeks that is more restrictive than what the corn-based ethanol industry had expected, two sources familiar with
by Erin Voegele (Ethanol Producer Magazine) The Renewable Fuels association is urging federal officials to use a 30-year time frame to account for land use change (LUC) emissions as they work to complete the upcoming 40BSAF-GREET model, which will be used
by Cassidy Walter (Successful Farming) The partnership will encourage farmers to discover their carbon intensity score now, to prepare for future market opportunities. -- Today Siouxland Energy Cooperative, an ethanol plant near Sioux Center, Iowa, and Continuum Ag, announced a partnership focused on helping
by Chris Clayton (DTN Progressive Farmer) While groups are clamoring for certainty on how the Department of Treasury calculates tax credits for sustainable aviation fuel, Agriculture Secretary Tom Vilsack said the adjustments to the greenhouse gas model, or "GREET" model, won't
(Growth Energy) Yesterday (March 18, 2024), Growth Energy CEO Emily Skor joined global biofuel industry leaders on a panel at S&P Global’s CERAWeek to discuss the changing biofuels supply chain and the central role that American bioethanol will have in further decarbonizing the
by Chris Clayton (DTN Progressive Farmer) Airlines and businesses tied to the bioeconomy are stressing how critical the right policies will be to help fully develop a market for sustainable aviation fuels (SAF) that can help create a new market for
by Jerry Hagstrom (The Hagstrom Report) Agriculture Secretary Tom Vilsack today said today the government needs to take a number of actions to assure an adequate supply of biomass for the biofuels industry in the future. Vilsack released several reports on the
by Jim Lane (Biofuels Digest) In Washington, the Bold Goals Action Group released the final text of the 40 Bold Actions to Accelerate at ABLC 2024. The release capped a year-long, multi-national effort by bioeconomy stakeholders to define specific actions that
by Leah Douglas (Reuters) Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost
by Kim Chipman and Jennifer A. Dlouhy (Bloomberg News) Administration had set March 1 deadline for carbon model; Ethanol industry hopes to benefit from green jet fuel credits -- The Biden administration is missing a self-imposed deadline for updating a government tool used to
(Offfice of Senator Sherrod Brown (D-OH)) Brown Called on Treasury to Act on the Proposed Rules; Changes Will Support Domestic Energy Production and Help Create American Jobs -- Following U.S. Senator Sherrod Brown’s (D-OH) push, the U.S. Department of Treasury agreed to revise
by Orlando Jenkinson (Wind Power Monthly) Carbon emissions associated with planned green hydrogen projects could be higher than other forms of hydrogen production, depending on the source of electricity, according to a new report by energy consultancy WoodMackenzie. The company's ‘Over the
(Renewable Fuels Association) At the National Ethanol Conference today (February 20, 2024) in San Diego, Renewable Fuels Association President and CEO Geoff Cooper told nearly 1,000 attendees that 2024 will be “one of the most pivotal and consequential years the ethanol
by Jarrett Renshaw, Stephanie Kelly and Leah Douglas (Reuters) President Joe Biden's administration is poised to announce an adjustment to its scientific modeling for ethanol that will show the corn-based fuel to be less effective at reducing greenhouse gas emissions than
by Jim Lane (Biofuels Digest) In the Netherlands, STX Group has unveiled a new structure financing partnership with BioValue for the construction and development of the Groengas Cothen biomethane plant in the Netherlands. The project The new plant adds at least 80GWh of
by Cindy Zimmerman (Energy.AgWired.com) As the Treasury Department March 1 deadline nears to update the GREET model, a bipartisan, bicameral group of lawmakers have written to the working group in charge of the changes to asking them to ensure they are basing them
by Robin Bravender (Politico Pro Greenwire) The Treasury Department is launching a new website aimed at helping the public understand the tax incentives that are central to the Biden administration’s climate policies. The Treasury Department, an agency central to the rollout of
by Jim Lane (Biofuels Digest) In this presentation, we explored the challenges faced by global hydrogen producers in shifting towards low carbon hydrogen — new technologies for green hydrogen, new carbon capture opportunities to make blue hydrogen, and much more, including
by John R. Kirkwood, Virginia M. Speck, Joshua L. Andrews, Aaron L. Szabo, Jason Deppen, Bryan Michael Allen (Biofuels Digest) In connection with the Inflation Reduction Act (IRA), on December 22, 2023, the Internal Revenue Service (IRS) released a Proposed Regulation related
(Growth Energy) Growth Energy, the nation’s largest biofuels trade association, published its 2024 federal policy priorities today. Organized into three categories, the agenda offers a roadmap toward a more vibrant, sustainable future characterized by lower fuel costs, lower greenhouse gas (GHG)
(Agri-Pulse) In depth interviews with leaders in ag policy -- This week’s Open Mic guest is Geoff Cooper, president and CEO of the Renewable Fuels Association. The Iowa caucuses once again provide the opportunity to press the merits of the renewable
(Renewable Fuels Association) In a letter submitted to the Biden administration today, the Renewable Fuels Association laid out recommendations for ensuring that the best available science and data are used in determining eligibility for the sustainable aviation fuel (SAF) tax credit established in
by Sean Pratt (Western Producer Magazine) ... The U.S. Environmental Protection Agency issued a final rule in June 2023 establishing a mandate for four to 4.5 billion gallons of renewable diesel and biodiesel by 2025. In the meantime, the U.S. biofuel
(Renewable Fuels Association) As 2023 draws to a close and we prepare to flip the calendar forward to 2024, RFA President and CEO Geoff Cooper sat down with “The Ethanol Report” podcaster Cindy Zimmerman to discuss the renewable fuels industry’s many
by Brian Dabbs (Politico Pro Energywire) The guidance for the 45V tax credit aims to cut emissions produced by the industry. -- The Treasury Department released heavily anticipated tax guidance Friday that would force companies to use low-carbon or zero-emissions energy to
(Renewable Fuels Association) The U.S. Treasury Department today released guidance regarding the implementation of the Inflation Reduction Act’s sustainable aviation fuel (SAF) tax credit. The guidance clarifies that a soon-to-be-updated version of the Department of Energy’s GREET model will be among the methodologies used
(Biofuels International) ... After securing a 3 billion/gallon output last year, production across the US is on track for 4 billion this year with power to add, according to Paul Winters, director of public affairs and Federal Communications for Clean Fuels
by Jim Lane (Biofuels Digest) ... Which brings us to the forest, because once we have stopped by the commodity exchanges where oilseeds, grains, and waste fats and oils are priced and traded, we discover right away that commodity prices are
(Transport Topics) Alleged Rules Are ‘Surprising and Disappointing,’ Says Clean Energy CEO -- A leaked draft of Treasury Department rules for hydrogen tax credits in President Joe Biden’s climate law is drawing warnings from advocates for the fuel that they may stifle the burgeoning industry before
by Joanne Ivancic* (Advanced Biofuels USA) Conferences serve to present the current thoughts, activities and plans for the community involved in the focus of the event. At the 2023 Alternative Fuels and Chemicals Coalition Global Biobased Economy Conference and Exhibit
(Pro Farmer/AgWeb) POET, a biofuel maker, expressed concerns that the Biden administration's decision on tax credits for sustainable aviation fuel (SAF) could lead them to withdraw from the SAF market. The company has received significant interest in developing low-carbon projects with
by Timothy Eggert (FarmWeek) Illinois Farm Bureau’s policy book may feature expanded positions on biofuels and renewable energy, after the Resolutions Committee on Nov. 8 advanced a set of proposals for final consideration at Annual Meeting. Topping the list of submittals approved by
by Tammy Klein (Transport Energy Strategies) ... For SAF and the ethanol-based alcohol-to-jet (AtJ) pathway, the issue is one of models: CORSIA* v. GREET for purposes of calculating the SAF tax credits under the IRA. The IRA states that a fuel’s
by Sourasis Bose (Reuters) The United States' goal of rapidly ramping up production of sustainable aviation fuel (SAF) may encounter strong headwinds as producers balk at the low margins for the biofuel and some airlines flag concerns over the costly switch,
by Carah Hart (Brownfield Ag News) The CEO of the Renewable Fuels Association says the U.S. Treasury Department still hasn’t issued additional guidance on federal tax credits from the Inflation Reduction Act. Geoff Cooper tells Brownfield he’s expecting an announcement anytime. “By
by Cindy Zimmerman (Energy.AgWired.com) House Biofuels Caucus Co-chairs Dusty Johnson (R-SD) Adrian Smith (R-NE), Angie Craig (D-MN), and Mark Pocan (D-WI) this week introduced the Adopt Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) Act to direct the Environmental Protection Agency
(Renewable Fuels Association) As President Biden kicks off a series of events focused on rural investment, 70 industry leaders covering nearly the entire supply chain for Sustainable Aviation Fuel (SAF) – including major airlines – called on the Biden Administration to unleash progress in
by Donnelle Eller (Des Moines Register) Builders of carbon capture pipelines stand to reap billions in tax credits. Will farmers also get a share?; Advocates say incentives to adopt less carbon-intensive farming practices also could be part of the equation; Whether
by Leah Douglas (Reuters) The U.S. Department of Agriculture will spend up to $400,000 to adjust a federal greenhouse gas (GHG) emissions model to ensure that aviation fuel made from corn-based ethanol is eligible for hefty subsidies, Agriculture Secretary Tom Vilsack
by Stephanie Kelly and Jarrett Renshaw (Reuters) - President Joe Biden's administration likely will delay until December a decision on whether to make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House's
by Byron Dorgan (Bipartisan Policy Center/RealClear Energy) Farmers must play a major role! -- The Inflation Reduction Act (IRA) – signed into law one year ago – created aggressive goals to reduce carbon emissions. One of those goals included furthering the growth
by Mark Phelps (AvWeb) The fiscal future of producing sustainable aviation fuel (SAF) could depend on how the tax codes associated with crop-based biofuels are written. That was the message delivered at a recent SAF conference in Minneapolis by Todd
by Margy Eckelkamp (AgWeb)A provision in the Inflation Reduction Act, Section 45Z, provides biofuel producers (ethanol, biodiesel and sustainable aviation fuel) with a tax credit incentive to produce low-emission fuels. Here are the FAQs for farmers who are exploring carbon’s next chapter
(Minnesota Bio-Fuels Association) The Minnesota Bio-Fuels Association (MN Bio-Fuels) commends Minnesota Department of Agriculture Commissioner Thom Petersen for his leadership advocating for the participation of agriculture and biofuel producers in decarbonizing the aviation sector in a recent letter to U.S. Secretary of Agriculture
(Renewable Fuels Association) In a letter today to U.S. Environmental Protection Agency Administrator Michael Regan, the Renewable Fuels Association blasted EPA’s Science Advisory Board (SAB) for its recent report making “specious” and unfounded claims about corn ethanol’s impact on greenhouse gas emissions. In a
(American Carbon Alliance) The American Carbon Alliance (ACA) today called on the U.S. Treasury to adopt the U.S. Department of Energy’s Greenhouse Gases, Regulated Emissions, and Energy Use in Technologies (GREET) model in the evaluation of the life cycle emissions impact of
by Geoff Cooper (Renewable Fuels Association) Last year’s Inflation Reduction Act created tax credits meant to stimulate the production and use of sustainable aviation fuel (SAF), a critical tool in the aviation sector’s decarbonization strategy. To qualify for the tax credits, SAF
(Climate Now) One of the most controversial parts of the 2022 Inflation Reduction Act – the most ambitious climate spending bill in history – was the large pot of federal dollars that could now subsidize the nascent Carbon Capture and Storage
by David Ioconangelo (Politico Pro Energywire) The guidance is highly anticipated as it could influence the industry's emissions and growth trajectory into the 2030s.-- The Treasury Department will miss its Aug. 16 deadline to issue guidance on the Inflation Reduction Act's first-ever
by Emily Skor (Growth Energy/Ethanol Producer Magazine) Launched in 2021, the Biden administration’s Sustainable Aviation Fuel Grand Challenge aims to produce enough low-carbon jet fuel to slash aviation emissions in half by 2050. Thanks to new incentives created by the Inflation Reduction Act,
by Erin Voegele (Ethanol Producer Magazine) A bipartisan group of 21 federal lawmakers on July 28 sent a letter to U.S. Treasury Secretary Janet Yellen urging the Treasury Department to adopt the U.S. Department of Energy’s GREET model as the secondary
by Shawn Feikema (Minn Post) Requiring U.S. farmers to comply with an international scheme favoring European regulations and norms is a burdensome process most farmers cannot afford – both in time and money. ... Crop-based biofuels offer significant opportunities to decarbonize flight using
by David Iaconangelo (E&E News Energywire) The European Union’s definition of “green” hydrogen is emerging as a potential model for the U.S., with global repercussions for emissions, trade and production of the fuel. Europe’s plan also is shaking up a debate over
(U.S. Department of Energy) As part of President Biden's Investing in America agenda, the U.S. Department of Energy, U.S. Department of the Treasury, and the Internal Revenue Service announced $4 billion in tax credits for projects that expand clean energy, critical materials manufacturing, or recycling. Up to $1.6 billion has
(Growth Energy) In a letter submitted today, Growth Energy, the nation’s largest biofuels trade association, urged the U.S. Internal Revenue Service (IRS) to include the U.S. ethanol industry in its effort to reach the Biden administration’s goals for the expanded use of sustainable
by Erin Voegele (Ethanol Producer Magazine) A group of 16 senators on June 16 sent a letter to U.S. Treasury Secretary Janet Yellen urging the agency to adopt the U.S. Department of Energy’s GREET model as the secondary methodology for calculating
by Arianna Skibell (Politico's Power Switch) ... An upswell of state-led legislation aimed at boosting and regulating the fuel source could help shape the trajectory of President Joe Biden’s climate plans, write David Iaconangelo, Heather Richards and Zach Bright. ... Few green hydrogen
by Gernot Wagner and Danny Cullenward (Washington Post) ... Enter Section 45V of the tax code. Under this, clean hydrogen producers that meet low-emissions standards will be eligible for federal incentives that cover up to about 60 percent of the average total
by Stephanie Kelly (Reuters) The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. The campaign
by Paul Winters (SAF Magazine/Clean Fuels Alliance America) The Sustainable Aviation Fuel Grand Challenge is a coordinated effort among multiple federal agencies to scale up production of SAF by midcentury. Renewable fuels like SAF are critical to reducing greenhouse gas
by Michele McPhee (Los Angeles Times) The main bad actors in a sprawling scam who formed a very unlikely alliance to defraud the government face a judge, five years after their dramatic arrests -- ... This week, the reckonings in
by Emily Pontecorvo (Grist) ... A decision with profound implications for that goal now lies with the Treasury Department, which must settle a debate over the best way of crafting a tax credit designed to advance the production of clean hydrogen.
by Brian Dabbs (E&E News Energywire) The Inflation Reduction Act is setting up a fight over the climate footprint of biofuels for aviation, with significant implications for the nation’s emissions trajectory, the U.S. transportation sector and rural communities. In coming weeks, the
(Renewable Fuels Association) The use of science-based, consistent and transparent lifecycle analysis methods will be crucially important in implementing the sustainable aviation fuel (SAF) tax credit under the Inflation Reduction Act, the Renewable Fuels Association said in comments submitted Friday to
(E&E News Energy Wire) Excerpt from E&E News Energy Wire: Many of the world’s largest energy companies and a Bill Gates-led group are joining an industry-led initiative to measure and map the emissions footprint of “clean” hydrogen, underscoring the financial stakes linked
by Emily Skor (Growth Energy) ... By any measure, 2022 was a banner year for biofuel advocates in Washington, D.C. We secured new funding for blending infrastructure, critical tax incentives for clean energy, a summer waiver for E15 sales, and
by David Iaconangelo (Politico Pro) The Treasury Department is expected to release a framework that could determine whether renewable hydrogen is a successful climate tool or a high-emitting fuel. -- The Treasury Department is weighing new requirements for “green” hydrogen producers,
(U.S. Internal Revenue Service) The Treasury Department and Internal Revenue Service today issued a notice regarding the Sustainable Aviation Fuel (SAF) credit. This is a new credit created by the Inflation Reduction Act of 2022. It applies to a qualified fuel
(National Business Aviation Association) NBAA recently joined with a coalition of dozens of aviation stakeholders in submitting comments to the IRS on implementation of the upcoming sustainable aviation fuel blenders tax credit (SAF BTC) and clean fuel production credit (CFPC). Effective Jan.
by Todd Neeley (DTN Progressive Farmer) A new clean fuel production tax credit created by the Inflation Reduction Act could pave the way for significant growth in biofuels including ethanol, sustainable aviation fuel and biodiesel, if the IRS takes steps to
(Renewable Fuels Association) As federal agencies continue to work on implementation of the Inflation Reduction Act, the Renewable Fuels Association on Saturday filed two sets of comments to the Internal Revenue Service, related to credits for carbon sequestration and clean fuel
(Renewable Fuels Association) Testimony, Comments Provided to Treasury, IRS, USDA -- In separate comments and testimony to the U.S. Department of Treasury, Internal Revenue Service and the U.S. Department of Agriculture, the Renewable Fuels Association laid out the ethanol industry’s priorities
(Growth Energy) Today, Growth Energy sent a letter to the U.S. Department of the Treasury on implementation of Inflation Reduction Act of 2022 (IRA) tax credits for sustainable aviation fuel (SAF). In her letter, Growth Energy CEO Emily Skor calls on regulators to
by Sam Sutton (Politico Pro) Treasury Secretary Janet Yellen on Monday said she was exploring how the administration could develop standards for voluntary carbon markets as part of broader efforts to address climate change. "We’re looking into what we might do to
by Marc Heller (E&E News) Thirteen years ago, Congress decided a tax credit for companies that blend biodiesel shouldn’t go to refineries that put just a drop of the alternative fuel’s main ingredient — crops, animal fat and other organic material
by Matthew Choi (Politico's Morning Energy) The Treasury Department warned multilateral development banks that the U.S. won’t support most future fossil fuel projects unless low-carbon alternatives aren’t feasible. The department issued its opinion in a Friday guidance, which follows Treasury
by Patrick Newkumet (OPIS) Alternative low-carbon fuel producers would receive tax credits for reaching net-zero emissions under a U.S. Senate bill introduced last month, but biofuel industry stakeholders are concerned they will find it difficult to reach that target by 2030
by Naomi Jagoda (The Hill) ... The White House is also proposing to eliminate tax preferences for fossil fuel companies and expand tax incentives for clean-energy production. Treasury said in the report that its estimates indicate that eliminating subsidies for
by Sebastian Blanco (Car and Driver) While not targeting gas-powered cars for extinction, the plan intends to bring electric cars fully into the mainstream by spending $174 billion to promote EVs and build charging stations. -- ... There are a lot
by Erin Voegele (Ethanol Producer Magazine) President Biden on March 31 released a $2 trillion infrastructure and jobs plan, officially titled the American Jobs Plan. Biofuel/bioproducts and carbon capture and storage (CSS) are each briefly addressed in the plan. One provision of
by Steven Mufson and Juliet Eilperin (Washington Post) The Commodity Futures Trading Commission aims to create a new Climate Risk Unit, joining initiatives at Treasury, the Securities and Exchange Commission, and the Federal Reserve -- A growing number of federal
by Matthew Choi and Kelsey Tamborrino (Politico's Morning Energy) The commission is setting up a climate and ESG task force in its enforcement division as the financial industry faces growing pressure to be more proactive on ESG disclosures, particularly regarding
by Kelsey Tamborrino (Politico's Morning Energy) --President-elect Joe Biden is expected to officially tap Janet Yellen for Treasury secretary, a job with significant climate implications. --And former Secretary of State John Kerry will serve as Biden's special presidential envoy for
by Kelsey Tamborrino (Politico's Morning Energy) U.N. special envoy for climate change Mark Carney will tell the Bloomberg New Economy Forum today that central banks can take a more proactive role in defending the financial system from climate change shocks while
by Kelsey Tamborrino (Politico's Morning Energy) Green groups are laser-focused on the Treasury secretary position under the Biden administration in hopes of securing climate change victories in the financial arena. ... Environmental groups see the Treasury secretary position as a means to
(Climate 21 Project) The Climate 21 Project taps the expertise of more than 150 experts with high-level government experience, including nine former cabinet appointees, to deliver actionable advice for a rapid-start, whole-of-government climate response coordinated by the White House and accountable to the
by Amy Lupica (Our Daily Planet) Across the nation, 15 million residences are at high risk of flooding within the next 30 years, and most homeowners and renters aren’t aware of this risk. Only about half of states require any kind of disclosure when it comes
(Bailout Watch) The U.S. government’s efforts to stabilize the financial system at the start of the global pandemic last spring have propped up the fossil fuel industry, which entered the year with heavy debt loads and was slammed by the
(Growth Energy) Today, Growth Energy CEO Emily Skor submitted written comments on the Internal Revenue Service’s (IRS) proposed regulations under section 45Q, a performance-based tax credit for carbon capture projects. In her letter, Skor called on the agency to offer credit for carbon dioxide captured for
by Kelsey Tamborrino (Politico's Morning Energy) The IRS on Thursday released proposed rules for an expanded carbon capture and utilization tax credit, ending a more than two-year wait for the regulations. Congress expanded the carbon capture credit in early 2018
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