The biofuels industry has been waiting for the 45Z Clean Fuel Production Credit for a long time now, and the wait is likely to get even longer with a new administration taking over. Will the Biden Administration try to rush rules out before the inauguration? Will Congress extend the tax credits 45Z was supposed to replace before the end of …
Congress Urged to Extend Biodiesel Tax Credit
Clean Fuels Alliance America joined soybean growers and oilseed processors in a letter sent last week to House and Senate leaders requesting a one-year extension of the current Biodiesel and Renewable Diesel Tax Incentive, which was supposed to be replaced by the new §45Z Clean Fuel Production Credit by the end of this year. Lacking guidance from the U.S. Treasury, …
RFA Watching Trump Administration Choices
President-elect Donald Trump continues to announce choices for administration positions at record speed and the Renewable Fuels Association is generally pleased so far. “We’re excited about the opportunity to sit down with the new leadership in the incoming Trump administration, to make our case and remind them of why ethanol should be part of their energy strategy and and energy …
NAFB Panel Explores Renewable Fuels Future
Leaders from the renewable fuels industry took questions at the National Association of Farm Broadcasting Convention in Kansas City on Wednesday about what the future looks like for them now with a new administration and a new Congress. Moderator Mark Dorenkamp of Brownfield led the panel with Renewable Fuels Association President and CEO Geoff Cooper, National Corn Growers Association CEO …
Biofuel Tax Credit Extension Introduced
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 Tax Credit for an additional year. “Cellulosic biofuel producers have been anxiously awaiting guidance from the Treasury Department on the new …
Kip Tom Reflects on Trump Election
Indiana farmer Kip Tom is one of several names being floated as possible Secretary of Agriculture in the new Trump Administration. Tom runs a successful international farming operation and served as Ambassador to the United Nations Agencies for Food and Agriculture during President Trump’s previous term. “When I think about President Trump and comparing 45 to 47, my perception is …
Ethanol Groups Congratulate Trump
The Renewable Fuels Association offered congratulations to President-elect Donald Trump on his victory in the 2024 election Wednesday. “On behalf of our nation’s ethanol industry, we congratulate Donald Trump on his election as our next president. We share his vision for putting American energy first, stimulating growth in domestic production, lowering fuel costs for consumers, and restoring balance and fairness …
Grassley Addresses 45Z and Blenders Tax Credit
Sen. Charles Grassley (R-IA) addressed whether farmers and biofuel producers might see rules for the 45Z tax credit before the end of the year, or if the blenders tax credit will be extended, during a call with reporters on Tuesday. “45Z is not a subject of Congressional action, it’s a subject within the Treasury Department on the rules,” said Grassley. …
ZeaKal PhotoSeed is 1st Sustainability-Embedded Trait Tech
ZeaKal today announced that PhotoSeed™ Soy has been validated as the first sustainability-embedded trait technology for agriculture, a technology that could expand the volume of sustainable aviation fuel (SAF) production by approximately one billion additional gallons on existing U.S. soybean acreage. Han Chen, co-founder and CEO of ZeaKal, says they were able to validate PhotoSeed’s impact on the carbon intensity …
California Governor Puts E15 in the Fast Lane
California Governor Gavin Newsom on Friday gave a surprise boost to the ethanol industry by issuing a directive to the California Air Resources Board (CARB) to accelerate studying how California could increase ethanol blending in gasoline to allow the sales of E15. “There’s massive potential for this to be a win-win for Californians: lowering gas prices by up to twenty …