(Aemetis) Renewable Natural Gas production expected to increase by 80% to 550,000 MMBtu of RNG per year, generating PTC’s under the Inflation Reduction Act starting January 1, 2025 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused
IRS (Internal Revenue Service)
Back TO HOMEFischbach, Ways and Means Colleagues Request Input from Stakeholders on Biofuel Tax Policy
(Office of Congresswoman Michelle Fischbach (R-MN-07) ) Yesterday, Congresswoman Michelle Fischbach (MN-07) and several of her colleagues on the U.S. House Ways and Means Committee released a request for information from relevant stakeholders on biofuel tax policy. Public Law 117-169, enacted in 2022, made significant
November 22, 2024 Read Full Article
Treasury, IRS Issue Guidance for the Sustainable Aviation Fuel Credit (40B)
(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
October 21, 2024 Read Full Article
Scott Reed: Shout out to Northeast Biodiesel Workers
by Scott Reed (Greenfield Recorder) Northeast Biodiesel’s recent closing is disappointing for many reasons. One is that our region’s used cooking oil will continue to be exported to other countries that have the infrastructure to recycle it into heating and transportation
September 27, 2024 Read Full Article
Why Is It Taking So Long to Get the Necessary Guidance on the 45Z Tax Credit Program?
•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
September 24, 2024 Read Full Article
Climate Law’s CCS Windfall Is almost 2 Years Old. Is It Working?
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
July 29, 2024 Read Full Article
Giving Lift To 45Z: Climate Smart Farming and the GREET Model
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
July 19, 2024 Read Full Article
Treasury, IRS Issue Frequently Asked Questions Regarding Registration for the Clean Fuel Production Credit
(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
July 15, 2024 Read Full Article
IRS Gives 45Z Registration Guidance: New IRS Guidance Urges Biofuel Producers to Register for 45Z Tax Credit by July
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
June 03, 2024 Read Full Article
AOA Thursday 5-9-2024 Agriculture of America Podcast
(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
May 10, 2024 Read Full Article
Biofuel Tax Credit Claims Need More Scrutiny, Watchdog Says
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
April 30, 2024 Read Full Article
Aemetis Allocated $10.5 Million IRA Section 48C Tax Credits by DOE and IRS for Biofuels Plant Efficiency Projects
(Aemetis/Globe Newswire) Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced that it received an allocation of $10.5 million of Inflation Reduction Act (IRA) tax credits by the
April 09, 2024 Read Full Article
US Carbon Pipeline Company Pledges No Oil Recovery, but Bakken Drillers Want It
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
March 11, 2024 Read Full Article
White House Is Seen Missing Deadline Tied to Jet Fuel Tax Credit
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
March 01, 2024 Read Full Article
STX, BioValue Unveil New Financing Structure for Biomethane
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
February 19, 2024 Read Full Article
Hydrogen Rising: IRS Released Proposed Regulation to Section 45V of Internal Revenue Code Public Comments DEADLINE February 26, 2024 Public Hearing March 25, 2024
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
January 31, 2024 Read Full Article
Biden Admin Unveils Tax Rules for ‘Clean’ Hydrogen Public Comment DEADLINE February 26, 2024
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
December 22, 2023 Read Full Article
RFA Welcomes Recognition of GREET Model in SAF Tax Credit Guidance
(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
December 15, 2023 Read Full Article
Optimistic Outlook: Biodiesel Producers in North America Have Their Eyes Set on Hitting a US Output Target of 6 Billion Gallons, Much Earlier than Originally Planned
(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
December 11, 2023 Read Full Article
Fulcrum Bioenergy, Aiming to Produce ‘Net-Zero’ Jet Fuel From Plastic Waste, Hits Heavy Turbulence
by James Bruggers (Inside Climate News) The California company has defaulted on $289 million in Nevada bonds and put $500 million in financing for a facility in Indiana on hold. Meanwhile, U.S. senators don’t want tax credits financing plastics-to-jet-fuel schemes. -- Six
November 25, 2023 Read Full Article
Merkley, Colleagues Urge IRS to Properly Implement IRA Sustainable Aviation Fuel Tax Credits, with No Giveaways to the Petroleum Industry
(Office of Senator Jeff Merkley (D-OR) Senators: "Companies are proposing to manufacture aviatin fuel from sources that include significant amounts of plastic waste, and are claiming that it is sustainable. That is incorrect.” Today (October 27, 2023), Oregon’s U.S. Senator Jeff Merkley,
October 30, 2023 Read Full Article
48C Qualified Advanced Energy Project Tax Credit: One Year into the Inflation Reduction Act
by John R. Kirkwood, Christopher B. Berendt, Matthew R. Levy, Jason Deppen, Joshua L. Andrews, Aaron L. Szabo, Brian S. Fennerty, Bryan Michael Allen, Wendy Yan, Virginia M. Speck (Faegre Drinker Biddle & Reath/Biofuels Digest) The next round of funding for
October 09, 2023 Read Full Article
The Sustainable Aviation Fuel Road Ahead
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
September 06, 2023 Read Full Article
Protecting the Future of Low-Carbon Aviation
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,
August 08, 2023 Read Full Article
Carbon Intensity Is Going to Be A Team Sport
by Margy Eckelkamp (AgWeb) “This is an immense opportunity. For the first time, 45Z provides farmers and biofuel manufacturers a scoreboard with a transparent points system and a business model that rewards scoring points," says Mitchell Hora. The Inflation Reduction Act has
July 28, 2023 Read Full Article
Why Aren’t We Addressing Climate Change with American Solutions?
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
July 18, 2023 Read Full Article
Qualifying Advanced Energy Project 48C Credit Program DEADLINE July 31, 2023
(U.S. Internal Revenue Service) The Qualifying Advanced Energy Project Credit (48C) program aims to strengthen U.S. industrial competitiveness and clean energy supply chains. As the nation builds a net-zero economy, the 48C tax credit program aims to play a critical
July 12, 2023 Read Full Article
New Investment Tax Credit Announced for Advanced Energy Projects Includes Sustainable Aviation Fuels and Renewable Chemicals
(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
July 12, 2023 Read Full Article
Growth Energy to IRS: Ethanol Ready for SAF Spotlight
(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
July 09, 2023 Read Full Article
Central Valley Man Sentenced to over 6 Years in Prison for $9 Million Cow Manure Ponzi Scheme
(U.S. Attorney's Office Eastern District of California) Ray Brewer, 66, of Porterville, and Sheridan, Montana, was sentenced today to six years and nine months in prison for running a multimillion-dollar fraud scheme where he purported to turn cow manure into green
June 29, 2023 Read Full Article
Energy Department Unveils Plan Using Hydrogen Energy to Cut US Emissions by 10 Percent
by Rachel Frazin (The Hill) The Energy Department on Monday unveiled a roadmap it says will, using hydrogen energy, enable the U.S. to reduce its emissions by 10 percent in 2050, compared to 2005 levels. The strategy document calls for specifically targeting hydrogen use
June 06, 2023 Read Full Article
The Digest’s 2023 Multi-Slide Guide to SAF in a Season of Change
by Jim Lane (Biofuels Digest) Check out this illuminating slide guide to SAF from Mike McCurdy, Managing Director of Fuels & Power at ICF on how sustainable aviation fuels are taking off in the near term with the latest projected
June 05, 2023 Read Full Article
The Digest’s 2023 Multi-Slide Guide to Aemetis
by Jim Lane (Biofuels Digest) In this presentation, Aemetis CEO Eric McAfee took the ABLC 2023 stage in Washington DC to outline the company’s milestones, technology, financial estimates, policy asks, its portfolio of Carbon Zero One projects, and the company’s
June 02, 2023 Read Full Article
Carbon’s Next Chapter on the Farm
by Margy Eckelkamp (AgWeb) A yet-to-be-realized provision in the Inflation Reduction Act could be the key for farmers to engage in measuring the carbon intensity (CI) of their grain. The Section 45Z tax credit provides biofuel producers (ethanol, biodiesel and sustainable
May 18, 2023 Read Full Article
Carbon’s Next Chapter on the Farm
by Margy Eckelkamp (Farm Journal AgWeb) ... The Section 45Z tax credit provides biofuel producers (ethanol, biodiesel and sustainable aviation fuel) with an incentive to produce low-emission fuels. What makes this different than carbon offset programs is it could provide a
May 11, 2023 Read Full Article
Opinion: Get Tax Credits Right to Make Clean Hydrogen a Boon not a Boondoggle
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
April 28, 2023 Read Full Article
#90. Truck Stops Take on Alternative Fuels
by Tammy Klein (Transport Energy Strategies) Which fuels are truck stops blending and selling and where are they trending in the next 10, 15, and 20 years? And, what are they planning for electrification? NATSO’s Alternative Fuels Council is helping truck
April 17, 2023 Read Full Article
L.A. Gas Tycoon, Mormon Polygamists Face Sentencing for $1 Billion Biofuel Scam
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
April 07, 2023 Read Full Article
RFA to Treasury: Success of SAF Tax Credit Depends on Fair, Science-Based Lifecycle Analysis
(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
February 21, 2023 Read Full Article
Update to Guidance on Inflation Reduction Act of 2022 – Prevailing Wage and Apprenticeship Training Requirements – With Guidance from Notice 2022-61
by John Kirkwood and Jason Deppen and Virginia Speck (FaegreDrinker/Biofuels Digest) ... On November 30, 2022 the Internal Revenue Service published Notice 2022-61 (the “Notice”) providing initial guidance on the Inflation Reduction Act’s Prevailing Wage and Apprenticeship Requirements. Under the Act,
February 03, 2023 Read Full Article
Growth Energy to Fuel Beyond in 2023
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
January 03, 2023 Read Full Article
Treasury, IRS Issue Guidance on New Sustainable Aviation Fuel Credit
(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
December 20, 2022 Read Full Article
NBAA, Coalition Urge IRS to Resolve Questions about SAF Tax Credit Programs
(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.
December 08, 2022 Read Full Article
Ethanol Blog: Biofuels Groups Ask IRS to Get Carbon Scoring Right in Implementing Clean Fuel Tax Credit
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
December 07, 2022 Read Full Article
RFA Provides Input on IRA’s Clean Fuel Production and CCUS Credits, Biofuels Infrastructure Grants
(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
December 06, 2022 Read Full Article
RFA Leading the Charge on IRA Implementation
(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
November 09, 2022 Read Full Article
Inflation Reduction Act of 2022 – Qualified Biogas Property
by John R. Kirkwood, Jason Deppen, and Christopher B. Berendt (FaegreDrinker/Biofuels Digest) ... Section 48(a) of the Internal Revenue Code (IRC) as it existed prior to the adoption of the (Inflation Reduction) Act provides an investment tax credit (ITC) for the
September 09, 2022 Read Full Article
Breaking It Down Tax Credit Incentives for Carbon Sequestration: Potentially the Most Impactful U.S. Policy to Battle Climate Change
by Bryen Alperin, Gary Blitz, Sarah Grey, Steve Whittaker, John Koenig, John Pierce, and Jason Kuzma (Carbon Capture Magazine) The Bipartisan Budget Act of 2018 expanded the 45Q tax credit, the most important federal incentive for encouraging private investment in
May 09, 2022 Read Full Article
Climate Bill Rekindles Debate over Biodiesel Tax Breaks
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
December 08, 2021 Read Full Article
REGI INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Renewable Energy Group, Inc.
(Bernstein Liebhard/Globe Newswire) Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Renewable Energy Group, Inc. (“Renewable Energy ”
March 04, 2021 Read Full Article
Colorado Man Sentenced to Prison for Biodiesel Tax Credit Fraud -- Scheme Defrauded the IRS of $7.2 Million
(U.S. Department of Justice) A Colorado resident was sentenced to 15 months in prison yesterday for his role in a biodiesel tax credit fraud scheme, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division. According to
October 29, 2020 Read Full Article
Growth Energy to IRS: Ethanol Plants Ready to Capture More Carbon
(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
August 04, 2020 Read Full Article
Ethanol's Carbon Underground
by Luke Geiver (Ethanol Producer Magazine) Positioning into the low-carbon biofuels marketplace, ethanol producers are moving forward with sequestration strategies. A more lucrative federal tax credit, along with a reduced minimum production requirement, is making the economics attractive. After more than
June 16, 2020 Read Full Article
Godot Arrives: Carbon Capture Regs Released Public Comment DEADLINE: August 3, 2020
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
May 29, 2020 Read Full Article
BD Zones and BDO Zones: Weaponizing Biomass to Support a Bio-Fueled Economic Recovery
by Jordan Solomon (Ecostrat Inc./Biofuels Digest) The US has over a billion tons of biomass which can be used as a key lever to drive economic recovery. USDA estimates that 3.4 million jobs and nearly $660 billion of economic benefits
May 21, 2020 Read Full Article
The Door Is Open for Ethanol Producers and CCS
by Roxby Hartley (EcoEngineers/Ethanol Producer Magazine) Carbon capture and sequestration (CCS) is receiving a lot of traction thanks to two exciting developments in 2018 and 2019: 1) California’s Low Carbon Fuel Standard recognized CCS as a viable pathway to reduce emissions from
May 18, 2020 Read Full Article
Biodiesel Fraud Suit Nets $70 Million for Whistleblower, Feds
(Bloomberg Law) Scheme to defraud EPA renewable fuel program; Criminal cases made damages easy to calculate e-Biofuels LLC and other defendants face a $70 million liability for violating the False Claims Act by engaging in a scheme to defraud the EPA’s renewable
May 04, 2020 Read Full Article
Colorado Man Sentenced to 83 Months in Prison for Role in $7.2 Million Biodiesel Tax Credit Scheme
(U.S. Department of Justice) A Colorado resident was sentenced to 83 months in prison on Friday for his role in a biodiesel tax credit fraud scheme, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division. According
March 03, 2020 Read Full Article
IRS Unveils 45Q Guidance
by Kelsey Tamborrino (Politico's Morning Energy) Almost two years after Congress initially expanded a tax incentive for carbon capture and sequestration projects as part of its 2018 budget bill, the IRS on Wednesday released its initial guidance on how exactly industries
February 20, 2020 Read Full Article
Carbon Capture Initiatives and 45Q
by Cácia Pimentel* (Advanced Biofuels USA) On February 15th the Center on Global Energy Policy (CGEP) Carbon Management Research Initiative and the Women in Energy program hosted a panel of experts to discuss carbon capture policies and technologies, especially Carbon Capture, Utilization
February 18, 2020 Read Full Article
E&C Leaders Release Draft Clean Future Act Legislative Text to Achieve a 100 Percent Clean Economy
(U.S. House Committee on Energy and Commerce) Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ), Environment and Climate Change Subcommittee Chairman Paul Tonko (D-NY) and Energy Subcommittee Chairman Bobby L. Rush (D-IL) today released legislative text of the draft Climate Leadership and
January 29, 2020 Read Full Article
IRS Publishes Guidance on Claiming 2018-’19 Biodiesel Tax Credit
by Ron Kotrba (Biodiesel Magazine) The Internal Revenue Service published guidance Jan. 15 for companies seeking to claim the biodiesel and renewable diesel tax credit for 2018 and 2019. The $1 per gallon tax credit expired Jan. 1, 2018, and remained expired until Dec.
January 22, 2020 Read Full Article
New Jersey Senator Calls for 45Q Probe
by Kelsey Tamborrino (Politico's Morning Energy) New Jersey Sen. Bob Menendez called on the IRS' watchdog to open an investigation into potentially fraudulent claims for the tax credit to capture carbon, known as 45Q. In a letter dated Nov. 19
November 28, 2019 Read Full Article
Michigan Biodiesel Dealer Pleads Guilty to Tax Fraud
(Wisconsin Ag Connection/USAgNet) A Bloomfield, Mich., biodiesel fuel dealer pleaded guilty today to filing a false income tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division and U.S. Attorney Matthew Schneider of
October 23, 2019 Read Full Article
Proposed Collection; Comment Request for Form 6478 -- The IRS Is Soliciting Comments Concerning Biofuel Producer Credit. DEADLINE: December 2, 2019
(Internal Revenue Service/Federal Register) ... The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required
October 02, 2019 Read Full Article
MOU between EPA, IRS Aims to Improve Biofuel Tax Fraud Analysis
by Erin Voegele (Etanol Producer Magazine) The U.S. EPA posted a notice to its websites Sept. 4 announcing a memorandum of understanding (MOU) with the Internal Revenue Service under which the agencies have agreed to share information in an effort to
September 05, 2019 Read Full Article
An Answer to “Hard to Find” Equity – Opportunity Zone Funds
by Mark Riedy and Eddie Wang (Kilpatrick Townsend & Stockton LLP/Biofuels Digest) The recently-established Opportunity Zone Program offers developers, including start-up technology companies attempting to develop and commercialize new technologies in the energy, chemical, and infrastructure industries, an exciting, new opportunity to
July 31, 2019 Read Full Article
IRS to Seek Comment on Key Issues to Be Interpreted in Section 45Q Tax Credit
(Hunton Andrews Kurth) The Department of Treasury (“Treasury”) and Internal Revenue Service (“IRS”) have released Notice 2019-32 (the “Notice”) seeking comment on key issues to be interpreted in the Section 45Q carbon oxide sequestration tax credit. Congress significantly enhanced the Section 45Q tax
May 17, 2019 Read Full Article
Green Energy Fraudster Convicted at Trial for Scamming Multiple Federal Agencies and His Customers
(U.S. Department of Justice) Assistant Attorney General Jeffrey Bossert Clark of the Department of Justice’s Environment and Natural Resources Division (ENRD) and United States Attorney William M. McSwain for the Eastern District of Pennsylvania announced today that a federal jury in
May 03, 2019 Read Full Article
Jury Finds Pennsylvania Biofuel Company Owners Guilty of Tax and False Statements Conspiracy
(U.S. Department of Justice) Following a 14-day jury trial in Harrisburg, Pennsylvania, Ben T. Wootton, of Enola, Pennsylvania, and Race A. Miner, of Buena Vista, Colorado, were found guilty of one count of conspiracy to make false statements to the Environmental
April 24, 2019 Read Full Article
Colorado Man Pleads Guilty to $7.2 Million Biodiesel Tax Credit Fraud Scheme
(U.S. Department of Justice) A Colorado resident pleaded guilty today in the U.S. District Court for the District of Colorado to conspiracy to defraud the United States, conspiracy to commit money laundering, and money laundering, announced Principal Deputy Assistant Attorney General
March 26, 2019 Read Full Article
Avenue 45Q
by Kelsey Tamborrino (Politico's Morning Energy) The Trump administration is developing guidance to help companies qualify for a built-out tax credit for carbon capture, utilization and storage — a welcome addition for industry officials and lawmakers who have complained the
March 14, 2019 Read Full Article
Alternative Fuels Council Offers Biodiesel Strategy
by Jeff Hove (Biodiesel Magazine) Jeff Hove, vice president of NATSO's Alternative Fuels Council, provides perspective on current political, regulatory and market events relating to biodiesel blending, and how a myriad of potential changes will affect downstream operators. -- ... But renewable
January 05, 2019 Read Full Article
A Summary of Federal Programs: The Digest’s 2018 Multi-Slide Guide to Alternative Fuel and Advanced Vehicle Technology Incentives
by Jim Lane (Biofuels Digest) A wide array of federal incentives supports the development and deployment of alternatives to conventional fuels and engines in transportation. These incentives include tax deductions and credits for vehicle purchases and the installation of refueling systems,
December 05, 2018 Read Full Article
Pennsylvania Man Pleads Guilty to Biodiesel Tax Conspiracy
(U.S. Department of Justice) A Harrisburg, Pennsylvania man pleaded guilty yesterday in federal court to one count of conspiring to defraud the Internal Revenue Service (IRS), announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division,
October 05, 2018 Read Full Article
Alternative Fuels Council Helps with RFS RIN Management
by Betsy Lillian (NGT News) The Alternative Fuels Council, a subsidiary of NATSO Inc., a national association representing the travel plaza and truckstop industry, has launched a new service designed to help fuel retailers that blend and sell renewable fuels to more
October 02, 2018 Read Full Article
Colorado Business Owners Indicted For $7 Million Biodiesel Tax Credit Fraud Scheme
(U.S. Department of Justice) A federal grand jury for the District of Colorado has returned an indictment, which was unsealed today, charging two Colorado business owners with conspiring to defraud the United States and to commit money laundering, money laundering and
June 21, 2018 Read Full Article
New York Man Pleads Guilty to Multi-State Biodiesel Fraud Scheme
(Department of Justice) Andre Bernard, of Mount Kisco, New York, pleaded guilty today for his participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling biodiesel credits and fraudulently claiming tax credits, announced Acting Assistant
August 04, 2017 Read Full Article
Two Florida Men Plead Guilty to Multi-State Biodiesel Fraud Scheme
(U.S. Department of Justice) Thomas Davanzo, of Estero, Florida, and Robert Fedyna, of Naples, Florida, pleaded guilty today for their participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling biodiesel credits and fraudulently claiming
June 27, 2016 Read Full Article
Biofuel Company with Polygamous Ties Spent Big on Utah Politicians even as Frauds Were Found
by Nate Carlisle and Brian Maffly (The Salt Lake Tribune) Federal agents raided offices of Washakie and Kingstons amid claims the company hasn’t actually manufactured its own biofuels. -- The storage tanks Washakie Renewable Energy was planning to build while
February 15, 2016 Read Full Article
BIO Applauds Renewable Chemicals Act Bill
by Joanna Schroeder (DomesticFuel.com) Senators Debbie Stabenow (D-MI), Chris Coon (D-DE) and Al Franken have introduced a new bill, S. 2271 the Renewable Chemicals Act of 2015. If passed, the legislation would amend the Internal Revenue Code of 1986 to
November 13, 2015 Read Full Article
IRS Publishes Tax Code for Biodiesel Tax Credits
by Megan Sapp (Biofuels Digest) In Washington, the IRS has published a notice that informs claimants about the federal income tax treatment of credits under § 6426(c) and (d) of the Internal Revenue Code that are paid in cash under
August 20, 2015 Read Full Article
Washington Should Help Capitalize Green Banks
by Mark Muro and Reed Hundt (The Brookings Institution) ... While the federal government has not been able to lead on the design of modern clean energy and infrastructure finance entities, it now has the opportunity, with its billions of underutilized
July 06, 2015 Read Full Article
Co-defendent in Bio-Fuel Scam Pleads Guilty
by Hugh R. Morley (The Record/NorthJersey.com) ... A Ridgewood businesswoman has pleaded guilty to a charge that she took part in a $100 million biofuel fraud as a top executive of two Bergen County alternative-energy companies that authorities say carried
August 12, 2014 Read Full Article
Paper Industry Pushed Further into the Black by ‘Black Liquor’ Tax Credits
by Steven Mufson (The Washington Post) ...The paper industry — which in 2009 raked in billions of dollars in federal subsidiesoriginally intended to promote alternative highway fuels — is now using a different biofuel tax credit to cut its tax bills
April 27, 2011 Read Full Article
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