In the rush to get as much spending in the massive Build Back Better bill as possible, Congressional Democrats created a new tax credit for sustainable aviation fuel (SAF) starting at $1.25 a gallon and increasing based on the carbon content of the biofuel, but the plan could favor foreign imports over American farmers and biofuel producers in its current …
Biodiesel Tax Credit Extension in Build Back Better Bill
The National Biodiesel Board is pleased the House Ways & Means Committee include a proposed extension through 2031 of the biodiesel and renewable diesel blenders tax credit in the Build Back Better Act. “Biodiesel and renewable diesel are clean, low-carbon fuels that are widely available today to achieve the carbon reductions Congress is seeking. These fuels are 74% less carbon …
Biofuel Infrastructure in Build Back Better Bill
Biodiesel and ethanol producer organizations are pleased that both the House and Senate Agriculture Committees have included infrastructure funding for higher ethanol blends into their drafts for the Build Back Better Act budget reconciliation package. Specifically, the new bill language provides for $960 million to install, retrofit, or otherwise upgrade fuel dispensers or pumps and related equipment, storage tank system …
USDA Projects Higher Corn and Soybean Production
Corn and soybean production are both forecast to be higher this year compared to 2020, according to the latest Crop Production report issued Friday by USDA’s National Agricultural Statistics Service (NASS). According to the report, corn production is up 6% from last year, forecast at 15.0 billion bushels while soybean growers are expected to increase their production 6% from 2020. …
White House Holds Roundtable on Sustainable Aviation Fuels
Biofuel industry leaders and officials from the Biden Administration met virtually for a White House roundtable discussion on the future of sustainable aviation fuels Thursday. In conjunction with the event, the White House announced a goal to achieve 3 billion gallons of SAF production and reduce aviation-related emissions by 20 percent by 2030. Renewable Fuels Association President and CEO Geoff …
E15 Ruling Rehearing Denied
The D.C. Circuit Court of Appeals Thursday denied a petition for rehearing regarding the recent American Fuel & Petrochemical Manufacturers, et al. vs. EPA decision, in which the court vacated a 2019 regulation allowing year-round sales of a fifteen percent ethanol fuel blend (E15). Petitioners the Renewable Fuels Association, Growth Energy and the National Corn Growers Association released the following …
Vilsack Announces Renewable Energy Investments
Agriculture Secretary Tom Vilsack announced Thursday that USDA is investing $464 million to build or improve renewable energy infrastructure and to help rural communities, agricultural producers and businesses lower energy costs in 48 states and Puerto Rico. USDA is financing $129 million of these investments through the Rural Energy for America Program and $335 million through the Electric Loan Program. …
Billion for Biofuels in Build Back Better Bill
The initial draft of the U.S. House Build Back Better Act includes a billion dollars for biofuels infrastructure to support expanded availability and use of renewable fuels, according to Rep. Cindy Axne (D-IA) who worked to secure the funding. “This is a great day for our rural communities, our agricultural economy, our planet, and for hundreds of thousands of Americans …
State Corn Checkoffs Helping Build E85 in California
Corn growers in Missouri, Kansas, and Nebraska are helping to build E85 infrastructure in the top U.S. market for ethanol. The corn checkoff programs in the three states are leveraging resources to provide California fuel retailers up to $1.25 million over the next year to increase availability of E85 (85% ethanol). Fuel will be supplied by Pearson Fuels, the largest …
Groups Oppose Motion to Remand SREs without Vacatur
Six biofuel-supporting organizations filed a motion this week opposing the Environmental Protection Agency (EPA) motion to “remand but not vacate the 31 small refinery exemptions (SREs) the Trump Administration granted in August 2019.” The Renewable Fuels Association, Growth Energy, National Corn Growers Association, National Biodiesel Board, American Coalition for Ethanol, and National Farmers Union as a coalition are currently challenging …