Late Tuesday afternoon the U.S. Department of the Treasury and Internal Revenue Service (IRS) finally released guidance on the Sustainable Aviation Fuel (SAF) Credit established by the Inflation Reduction Act (IRA). The guidance released today will “catalyze innovation in the aviation industry and incentivize the production of cleaner and more sustainable aviation fuels,” said U.S. Treasury Secretary Janet Yellen during …
Sustainable Aviation Fuel Stakeholders Form SAF Coalition
With new guidance expected Tuesday on what will qualify for sustainable aviation fuel (SAF) tax credits, a new coalition of SAF stakeholders was announced Monday in an effort to to “accelerate the development and deployment of sustainable aviation fuels.” The Sustainable Aviation Fuel (SAF) Coalition consists of over 40 companies and organizations that hold a stake in the development and …
Ag and Food Summit Features SAF Discussion
Sustainable aviation fuel (SAF) was the topic of two panels at Monday’s “2024 Ag & Food Policy Summit: Revitalizing Rural Revenues” in Washington D.C. and there was a lot of discussion surrounding the GREET model, changes in the RFS, carbon sequestration, corn ethanol, and new feedstocks. Alder Renewables CEO Tim Obitts says agriculture holds the key to the future for …
Consumers Driving Demand for Clean Fuels
Clean Fuels Alliance America Chair Michael Rath, Sr. with Darling Ingredients is optimistic about the future of clean fuels. In his address to the membership at last week’s Clean Fuels Conference, Rath noted that consumers, including fleets, have choices for the fuel they put in their vehicles. “Clean fuel adoption is now largely driven by that consumer demand for choice,” …
Clean Fuels CEO Optimistic as Industry Faces Headwind
On the MainStage at the 2024 Clean Fuels Conference, Clean Fuels Alliance America CEO Donnell Rehagen, provided a state of the industry report noting that it is a very transformative time for clean fuels, biodiesel, renewable diesel and sustainable aviation fuel. “We are facing a serious headwind right now with the low RVOs set by the EPA as part of …
WASDE Calls for Record Corn Production
The U.S. Department of Agriculture dropped its latest World Agricultural Supply Demand Estimate report on Friday, calling for record U.S. corn production in 2023-2024. The corn outlook also calls for more corn to be used for ethanol, increased feed and residual use, and higher ending stocks. Corn production is estimated at a record 15.3 billion bushels, up 108 million as …
Ethanol Report on SAF Guidance
The U.S. Treasury Department has released long-awaited 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 to determine eligibility for the tax credit. The administration has committed to finishing the GREET model updates by …
Biofuels Groups Unhappy With Final EPA RFS Rule
The Environmental Protection Agency on Wednesday announced a final rule for biofuel volume requirements through 2025, displeasing major biofuel organizations. The final rule includes conventional renewable fuel requirements of 15 billion gallons for both 2024 and 2025, down from the proposed volumes of 15.25 billion for both years. Renewable Fuels Association President and CEO Geoff Cooper called the reductions “inexplicable …
Yield10 and Mitsubishi Partner for Camelina Biofuel
Yield10 Bioscience, Inc. and Mitsubishi Corporation have signed a Memorandum of Understanding (“MOU”) to evaluate the establishment of a partnership to supply, offtake and market Camelina as a low-carbon feedstock oil for biofuels. Mitsubishi Corporation recently announced its aim to mass produce sustainable aviation fuel to decarbonize commercial aviation. Under the MOU, the companies plan to jointly undertake a feasibility …
Canola Oil Proposed as Advanced Biofuel Feedstock
The Environmental Protection Agency (EPA) is proposing to approve Renewable Fuel Standard (RFS) pathways for biofuels produced from canola/rapeseed oil. The agency issued a proposed notice of rulemaking this week and is providing an opportunity for comment on the lifecycle greenhouse gas (GHG) analysis of these pathways. EPA’s assessment considers diesel, jet fuel, heating oil, naphtha, and liquefied petroleum gas …