The Farm, Food, and National Security Act of 2024 that advanced out of the House Agriculture Committee last week includes provisions for Sustainable Aviation Fuel under the Energy Title (IX). The title “(a)ffirms sustainable aviation fuel as an advanced biofuel” as seen in H.R.6271 – Farm to Fly Act of 2023. Sustainable Aviation Fuel (SAF) Coalition Executive Director Alison Graab …
Groups Urge Treasury to Finalize Clean Fuels Credit
Over two dozen organizations representing all segments of the renewable fuels industry sent a letter to Treasury Secretary Janet Yellen this week urging her to finalize and publish guidance for the §45Z Clean Fuels Production Credit as soon as possible. The credit, which was created in the 2022 Inflation Reduction Act, is designed to incentivize domestic production of low-carbon fuels …
LanzaTech Earnings Soar on SAF
LanzaTech is reporting a six percent increase in revenue the first quarter of this year over 2023, thanks in part to a boost from its sustainable aviation fuel (SAF) investment in LanzaJet. “The robust growth in LanzaJet and the SAF market more broadly mirrors the rising demand for our waste-based ethanol, reflecting the expansion and impact of our commercial project …
Farmer Consultant Digs Into SAF Tax Credit Guidance
Iowa farmer and consultant Mitchell Hora, Continuum Ag, spent some time Wednesday morning breaking down the 40B sustainable aviation fuel (SAF) tax credit guidance released this week for farmers hoping to be eligible. To qualify under the guidance, corn farmers have to do cover crop, no-till, and enhanced efficiency fertilizer, while soybean farmers are required to cover crop and no-till. …
Clean Fuels and Soy Growers React to SAF Guidance
Clean Fuels Alliance America welcomed updates to the GREET model released this week for calculating 2023-2024 sustainable aviation fuel (SAF) blender tax incentives (§40B). For the first time, these updates recognize the carbon benefits of some of the climate smart agriculture practices that U.S. farmers are already utilizing. However, Clean Fuels urges USDA and Treasury to further update the GREET …
Ethanol Industry Reacts to SAF Guidance
Now that the 40B sustainable aviation fuel (SAF) tax credit guidance and modified GREET model has been released, the ethanol industry may have scored a ticket to fly but there’s still a few mechanical problems to sort out before take off. The new 40B GREET model will recognize GHG reductions from carbon capture and sequestration (CCS), renewable natural gas, and …
Treasury Releases Guidance for SAF Credit
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 …
Trade Groups Urge EPA to Meet 2026 RFS Volumes Deadline
Clean Fuels Alliance America and other trade associations representing feedstock providers, advanced biofuel producers, and low-carbon fuel customers are urging the Environmental Protection Agency to propose and finalize 2026 Renewable Fuel Standard volumes by this November’s statutory deadline. In a letter to EPA Administrator Michael Regan, the nine organizations highlighted the dramatic drop in the value of RFS compliance credits …
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 …
GREET Model Update Expected Tuesday
The Biden administration is expected to finally release on Tuesday the long-awaited update to the GREET model to determine eligibility for feedstocks to make sustainable aviation fuel (SAF), according to news reports. Secretary of Agriculture Tom Vilsack was in Michigan last week with House Agriculture Committee Member Elissa Slotkin to discuss various issues, including the pending GREET model changes. Brownfield …