The head of EPA’s new Office of Agriculture and Rural Affairs Rod Snyder addressed the 13th American Coalition for Ethanol DC Fly-in Thursday and had a lot to talk about of interest to ethanol stakeholders, not the least of which was updates to the GREET model for implementation of Inflation Reduction Act tax credits.
“It’s better to do something right than do to something fast,” said Snyder. “We’re looking at ways we can integrate additional greenhouse gas reducing activities as part of that modeling so I think for everyone in the room who is interested in getting this right and providing as many pathways as possible for qualification of the tax credit, this extra time is I think good news.”
Snyder said they still expect to have that guidance, as Secretary Vilsack said at Commodity Classic, within “weeks, not months” but ultimately the decision will be made by the Treasury Department.
Regarding retail sales of E15 this summer, “It is too early for me to speculate on what we can or should do for 2024 but I want to reassure you we are already talking with the Department of Energy about market conditions and how they compare to prior years and what sort of case can be made for what needs to be done for summer of 2024.”
Listen to Snyder’s comments here:
ACE DC 24 remarks from Rod Snyder, EPA 31:24