by Zack Budryk (The Hill) The Treasury Department’s rule for implementing the Inflation Reduction Act’s (IRA) renewable energy tax credits will incorporate new language that will provide greater benefits for operations that refine natural gas from organic waste. The announcement comes following
Treasury Department
Back TO HOMERFA Shares Input with House Ways and Means on Biofuel Tax Credits
(Renewable Fuels Association) With certain modifications and proper implementation, the Clean Fuel Production Credit (“45Z”) could create important new market opportunities for farmers, lower fuel prices for consumers, enhance energy security, and reduce emissions, the Renewable Fuels Association wrote today in response to a
December 16, 2024 Read Full Article
Climate-Smart Farming Proposal Heads to White House Review
by Marc Heller (Politico Pro Climatewire) An important element of a forthcoming clean energy tax credit is advancing as the Biden administration runs against the clock. -- A key part of the Biden administration’s plan to connect biofuel policy to climate-smart farming
December 11, 2024 Read Full Article
USDA Submits Rule on Biofuel Feedstocks
(Agri-Pulse) USDA has submitted an interim final rule relating to the type of climate-smart agriculture crops used for biofuels. The rule, entitled “Technical Guidelines for Climate-Smart Agriculture Crops Used for Biofuel Feedstocks,” was submitted Friday (December 6, 2024). No additional details
December 10, 2024 Read Full Article
LCFS Trends and the Energy Transition: A Deep Dive with Megan Boutwell
(OPIS Talks Podcast) In this episode of OPIS Talks, you'll hear from Megan Boutwell, president of Stillwater Associates, an energy consulting firm focused on the energy transition. Boutwell shares insights into what we might expect from the biofuels and LCFS markets
December 09, 2024 Read Full Article
Treasury Eyes 45Z Guidance before Biden Exit
by Cole Martin (Argus Media) The US Department of Treasury said it still plans to issue guidance before president Joe Biden leaves office next year clarifying how refiners can qualify for a new tax credit for clean fuels. The agency "anticipates issuing
December 04, 2024 Read Full Article
National Sorghum Producers Chairwoman Says Crop Is Vital to U.S. Biofuel Production
by Brandon Peoples (Brownfield Ag News) The chairwoman of National Sorghum Producers says the group will continue to promote sorghum as an option to help meet biofuels production goals. Amy France says in terms of climate-friendly crops, sorghum ranks near the top. “As we look at
December 03, 2024 Read Full Article
Sort Out the Biofuels Provisions of the Inflation Reduction Act
by Margy Eckelkamp (AgWeb) What you need to know about the 40A biofuels tax credit, 40B sustainable aviation fuel credit and 45Z clean fuel production credit -- Enacted in August 2022, the Inflation Reduction Act (IRA) restructured biofuels tax credits in three
December 02, 2024 Read Full Article
Trump Picks Scott Bessent, Financier Who Embraced MAGA, for Treasury
by Jeff Stein (Washington Post) Bessent, who prevailed after an intense lobbying effort by his allies, has emerged over the past year as a trusted Trump adviser -- President-elect Donald Trump on Friday selected hedge fund executive Scott Bessent to be the next
November 23, 2024 Read Full Article
House GOP Tax Writers Seek Industry Input on Biofuel Credits
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
November 19, 2024 Read Full Article
Biden Aims to Finalize Clean Fuel Rule before Leaving White House
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
November 18, 2024 Read Full Article
Decoding Decarbonization
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,
November 15, 2024 Read Full Article
Fuel Groups Warn of Higher Prices without Tax Credit Certainty
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
November 13, 2024 Read Full Article
Biofuel Tax Credit Extension Introduced
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
November 11, 2024 Read Full Article
Trump Win Could Reshape US Biofuels Incentives
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
November 07, 2024 Read Full Article
MN Bio-Fuels Moderates Panel at SAF Conference
(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
November 04, 2024 Read Full Article
Broad & Bipartisan Backing: Carbon Management Technologies Enjoy Broad Support
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
November 01, 2024 Read Full Article
Calculating Paths to Cleaner Corn
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
October 24, 2024 Read Full Article
Going for Gold: American Coalition for Ethanol’s 2024 Conference
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
October 24, 2024 Read Full Article
Fuel Retailers Applaud Dear Colleague Letter Urging Biodiesel Tax Credit Extension
(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
October 21, 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
Biofuel Groups Urge Flexibility in 45Z CSA Requirements
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
October 16, 2024 Read Full Article
Sustainable Aviation Fuel: According to Plan
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
October 15, 2024 Read Full Article
It’s Go Time: Prepare Your Data Now For Biofuels Tax Credits
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
October 03, 2024 Read Full Article
Treasury Aims to Publish Final Clean Hydrogen Rules by Year End
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
October 02, 2024 Read Full Article
First-District Congressman Visits One of the First Dry Mill Ethanol Plants Built in Minnesota, Views the Ethanol Industry’s History and Future
(Minnesota Bio-Fuels Association) -- Rep. Brad Finstad visited Minnesota Bio-Fuels Association (MN Bio-Fuels) Producer Member, Greenfield Global Winnebago, on Sept 4 to see the investments being made into one of the first dry mill ethanol plants built in Minnesota and
October 02, 2024 Read Full Article
Growth Energy Welcomes Bipartisan Push for 45Z Extension
(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
September 26, 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
Ethanol Blog: Biodiesel Producers Expect Industry Shutdown Without 45Z Guidance From Treasury
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
September 23, 2024 Read Full Article
They Might Be Giants, the Story of Syngas Fermentation
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
September 03, 2024 Read Full Article
The Status of US Hydrogen Hubs
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
August 30, 2024 Read Full Article
Clean Fuels Urges Treasury to Immediately Issue §45Z Guidance and Safe Harbors
(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
August 28, 2024 Read Full Article
Synthetic SAF Can, and Should, Qualify for 45Z
(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
August 27, 2024 Read Full Article
Biofuels and Sustainable Aviation Fuel Markets: Wild Cards to Watch this Fall
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
August 23, 2024 Read Full Article
The Digest’s 2024 Multi-Slide Guide to the State of Biogas and RNG
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,
August 06, 2024 Read Full Article
3 Issues to Watch with the Big US Bet on ‘Clean’ Hydrogen
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
August 06, 2024 Read Full Article
The ABCs of 45Z: Take Time Now to Prepare for Low-Carbon Market Opportunities
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
August 02, 2024 Read Full Article
Carbon Intensity Score Calculator
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
August 01, 2024 Read Full Article
The Digest’s 2024 Multi-Slide Guide to the State of Renewable Feedstocks and Agriculture
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
July 30, 2024 Read Full Article
AFB seeks to Protect Domestic Biofuels Feedstock Market
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
July 29, 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
Valero Sees Policy Tailwinds for Renewable Diesel, SAF Operations — OPIS
(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
July 26, 2024 Read Full Article
USDA Gets Climate Smart Farming Feedback
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
July 26, 2024 Read Full Article
Clean Fuels Submits Detailed Technical Response to USDA’s Climate Smart Ag Request for Information
(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
July 26, 2024 Read Full Article
RFA to USDA: Embrace Book-and-Claim Accounting for Climate Smart Agriculture Feedstocks
(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
July 26, 2024 Read Full Article
Will Airlines Meet Their 2050 Net-Zero Emissions Goal?
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
July 25, 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
Opinion: Collaboration with Farmers Is Essential to Building America’s Sustainable Aviation Fuel Market
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.
July 19, 2024 Read Full Article
AFBF: Clean Fuel Tax Credits Out of Reach for Many Farmers
(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
July 18, 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
Sustainable Aviation Fuel Could Help Clear the Air, Former Kansas Senator Says | Opinion
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
July 15, 2024 Read Full Article
US to Fund Lower-Emission Fertilizer with Eye to Greener Ethanol
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
July 12, 2024 Read Full Article
How Water Could Be the Future of Fuel
by Nicolás Rivero and Emily Wright (Washington Post) A new generation of fuels could power planes and ships without warming the planet. -- ... Turning hydrogen into liquid fuel could help slash planet-warming pollution from heavy vehicles, cutting a key source of emissions
June 27, 2024 Read Full Article
SAF Still an Open Issue for Agriculture
(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
June 12, 2024 Read Full Article
Groups Urge ‘Flexible’ Tax Credit on Low-Emission Fuels
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
June 12, 2024 Read Full Article
The Digest’s 2024 Multi-Slide Guide to the State of SAF
by Jim Lane (Biofuels Digest) As presented in the weekly online series ABLC Connect, this presentation looks at headwinds and tailwinds impacting the development and deployment of sustainable aviation fuels, including commodity and carbon prices, mandates, incentives, technology trends, policy and
June 11, 2024 Read Full Article
A Look at 40B and 45Z Credits for Soy-Based Biofuels
(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
June 10, 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
Little to No Ethanol Will Qualify for US Aviation Fuel Credit
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
May 30, 2024 Read Full Article
Biden Administration Issues Guidelines on Carbon Credit Integrity
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
May 29, 2024 Read Full Article
KeyState, CNX Advancing Transformational Hydrogen, SAF Hub at Pittsburgh International Airport
(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
May 21, 2024 Read Full Article
Groups Urge Treasury to Promptly Complete §45Z Clean Fuels Production Credit Guidance
(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
May 15, 2024 Read Full Article
Farmers and 45Z Tax Credit: 45Z Tax Credit Offers a Market for Ag and Carbon Scores, Demands Data and Trust
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
May 14, 2024 Read Full Article
Suspicions of Fake China Cooking Oil Alarm US Biofuel Industry
by Kim Chipman, Tarso Veloso, and Michael Hirtzer (Bloomberg) ... One of the biggest concerns is that China shippers are adding UCO to fresh palm oil. Palm, the world’s most widely used vegetable oil, is a bane to environmentalists and many countries
May 08, 2024 Read Full Article
Will Making Hydrogen ‘Green’ Depend on China?
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
May 07, 2024 Read Full Article
bp's Archaea Energy Brings Online Its Largest Modular RNG Plant to Date in Kansas
(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
May 03, 2024 Read Full Article
RFA Welcomes 40B Sustainable Aviation Fuel Guidance, But Says Additional Work Needed
(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
April 30, 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
Biden Administration to Release Low-Carbon Aviation Fuel Tax Credit Model on Tuesday - Sources
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
April 26, 2024 Read Full Article
Five Major Issues for EPA and Farmers EPA Administrator Highlights $4 Billion in 'Green Fund' for Rural Communities
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"
April 08, 2024 Read Full Article
RFA Urges SAF Interagency Working Group to Use a 30-Year Time Period for LUC Calculations
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
April 03, 2024 Read Full Article
Continuum Ag and Siouxland Energy Team up to Focus on Low-CI Corn
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
March 22, 2024 Read Full Article
Pressing for GREET Model Update Details for SAF Tax Credits Delayed, But Will 'Send Right Signal,' Ag Secretary Says
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
March 22, 2024 Read Full Article
Vilsack Accepts Holmberg Award for Lifetime Achievement in the Bioeconomy
by Jim Lane (Biofuels Digest) At ABLC, the United States Secretary of Agriculture, Tom Vilsack, accepted the William C. Holmberg Award for Lifetime Achievement in the Bioeconomy and in his Holmberg Address said that “There’s a competition going on here. There
March 19, 2024 Read Full Article
Avoiding SAF Flight Cancellation: Airline Industry, Others Stress Need for Sustainable Aviation Fuels to Take Off
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
March 19, 2024 Read Full Article
Vilsack: Actions Needed to Assure Biomass Supply
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
March 18, 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
Brown Successfully Pushes Treasury to Fix Proposed Rule to Support American Biogas Manufacturing
(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
February 27, 2024 Read Full Article
Emissions from Grid-Linked Green Hydrogen 'Could Be Worse than Brown H2'
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
February 27, 2024 Read Full Article
RFA’s Cooper: 2024 Will Be “Pivotal and Consequential Year” for U.S. Ethanol Industry
(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
February 21, 2024 Read Full Article
Exclusive: White House Set to Back Tougher Climate Model for Ethanol, Sources Say
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
February 19, 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
Lawmakers Urge Use of Sound Science in SAF Carbon Modeling
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
February 17, 2024 Read Full Article
Biofuels M&A: 2023 Review & Outlook: A Thriving Industry, but Few M&A Deals
by Bruce Comer, Frank Kim, Zak Putlak, and John Panvica (Ocean Park/Biofuels Digest) The US biofuels sector in 2023 registered the flourishing of new technologies and billions in new investments – and an unprecedented low level of M&A activity: only two
February 13, 2024 Read Full Article
Treasury Launches New Climate Law Website
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
February 08, 2024 Read Full Article
The Digest’s 2024 Multi-Slide Guide to the State of Hydrogen
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
February 07, 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
Growth Energy Outlines 2024 Federal Policy Priorities
(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)
January 24, 2024 Read Full Article
Agri-Pulse Open Mic Interview: Geoff Cooper, Renewable Fuels Association
(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
January 16, 2024 Read Full Article
As 40B GREET Deadline Looms, RFA Offers Recommendations for SAF Emissions Modeling
(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
January 16, 2024 Read Full Article
Renewable Diesel Plans Unrealistic: Analyst
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
January 04, 2024 Read Full Article
2023: One of the Best Years for U.S. Ethanol
(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
December 30, 2023 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
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
Fire! Open Letter to US Treasury, Energy Secretaries on Addressing the Threat of Forest Fire via the Bioeconomy
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
December 11, 2023 Read Full Article
Hydrogen Industry Raises Alarm over Leaked Tax Credit Rules
(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
December 07, 2023 Read Full Article
POET Concerned Biden's Tax Credit Decision May Force Exit from SAF Market
(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
November 21, 2023 Read Full Article
Biofuels, Renewable Energy Policies on Deck for Delegates
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
November 14, 2023 Read Full Article
CORSIA v. GREET for SAF: What to Do, What to Do
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
November 02, 2023 Read Full Article
U.S. Sustainable Aviation Fuel Production Target Faces Cost, Margin Challenges
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,
November 02, 2023 Read Full Article
Ethanol Industry Still Waiting on Tax Guidance
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
November 02, 2023 Read Full Article
House Biofuels Caucus Introduces GREET Act
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
November 02, 2023 Read Full Article
Sustainable Aviation Fuel Industry Leaders Call on Biden Administration to Immediately Recognize Argonne GREET Model
(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
November 01, 2023 Read Full Article
Can Push for Carbon Capture Pipelines Also Mean Billions for Conservation-Minded Farming?
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
September 21, 2023 Read Full Article
USDA to Adjust GHG Model to Help Ethanol Get Aviation Fuel Subsidy
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
September 13, 2023 Read Full Article
Biden Administration to Delay Aviation Fuel Subsidy Guidance until December, Sources Say
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
September 08, 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
Sustainable Aviation Fuel’s Success Could Depend On New Tax Codes
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
September 06, 2023 Read Full Article
Vilsack Defends Administration’s Ethanol Policy and Climate-Smart Programs
by Riley Smith (Iowa Agribusiness Radio Network) Today (August 30, 2023), at the Farm Progress Show in Decatur, Illinois, USDA Secretary Tom Vilsack defended the Biden Administration’s approach to supporting family farmers and the biofuels industry. Vilsack touted the department’s Climate
August 31, 2023 Read Full Article
What Is a Carbon Intensity Score?
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
August 29, 2023 Read Full Article
MN Bio-Fuels Commends State Leadership for Supporting Agriculture's Role in Reducing Emissions in the Aviation Industry
(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
August 28, 2023 Read Full Article
RFA Blasts EPA Science Advisory Board for ‘Specious’ Report on Corn Ethanol and Carbon Emissions
(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
August 25, 2023 Read Full Article
American Carbon Alliance Urges Adoption of GREET Model
(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
August 24, 2023 Read Full Article
SAF Modeling Debate Isn’t Really about “GREET vs. ICAO.” It’s about Current Data vs. Old Data.
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
August 22, 2023 Read Full Article
Treasury to Miss Deadline for IRA Clean Hydrogen Guidance
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
August 14, 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
Representatives to Treasury: Adopt GREET Model for SAF Tax Credit
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
August 01, 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
E.U.’s ‘Green’ Hydrogen Rules May Shape American Industry
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
July 14, 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
Senators to Treasury: Adopt GREET for SAF Tax Credit
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
June 20, 2023 Read Full Article
States Charting the Course on ‘Green’ Hydrogen
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
June 16, 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
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
US Ethanol Industry Expands Focus to Lower-Carbon Aviation Sector
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
April 27, 2023 Read Full Article
Rising to the Challenge for SAF
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
April 21, 2023 Read Full Article
Trucking Industry Worries US EPA Put 'Cart before the Horse' with Emissions Proposal
by Jasmin Melvin (S&P Global) EPA, California rules look to phase out diesel trucks; Will require more trucks to haul same amount of freight; Range, charging and power needs still present challenges -- While onboard with ambitions to transition the US car fleet
April 20, 2023 Read Full Article
The Fight to Define ‘Green Hydrogen’ Could Determine America’s Emissions Future
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.
April 06, 2023 Read Full Article
Battle Brews over Climate Law Credits for Aviation Biofuels
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
April 05, 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
Energy Giants, Bill Gates Back Effort to Map ‘Clean’ Hydrogen
(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
January 10, 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
Biden's Dilemma: How Do You Define 'Green' Hydrogen?
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,
December 23, 2022 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
Clean Fuels Files Comments on New SAF, Biodiesel and Renewable Diesel Tax Incentives
(Clean Fuels Alliance America) Clean Fuels urges Treasury to use up-to-date, science-based model for carbon scoring -- On Friday (December 2, 2022), Clean Fuels Alliance America submitted a written response to the U.S. Treasury’s request for comments (Notice 2022-58) on Credits for
December 05, 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
Growth Energy Sends Letter to Treasury on Action to Slash Aviation Emissions
(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
November 04, 2022 Read Full Article
Yellen: Treasury Exploring Development of Carbon Markets
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
October 24, 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
Treasury Moves against Fossil Fuels
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
August 17, 2021 Read Full Article
Biofuels Industry Wary of Tech-Neutral Tax Credit Absent CI Model Changes
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
May 21, 2021 Read Full Article
Biden Seeks $2.5T in Corporate Tax Hikes to Fully Pay for Infrastructure
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
April 07, 2021 Read Full Article
Will Biden's $2.3 Trillion Infrastructure Plan Usher in Era of the EV?
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
April 05, 2021 Read Full Article
Biden Releases $2 Trillion Jobs and Infrastructure Plan
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
April 01, 2021 Read Full Article
Biden Administration Wants the Financial Sector to Face up to Climate Risk
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
March 18, 2021 Read Full Article
SEC Unveils ESG Task Force
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