Representatives of the U.S. biofuels industry, including Renewable Fuels Association Vice President of Government Affairs Ed Hubbard, joined a sustainable aviation fuel (SAF) policy roundtable in Vancouver, Canada recently on the sidelines of a USDA agribusiness trade mission. The U.S. Grains Council and Advanced Biofuels Canada hosted the roundtable that included remarks from USDA Undersecretary for Trade and Foreign Agricultural …
USDA Seeks Climate Smart Biofuel Feedstocks Data
The U.S. Department of Agriculture is seeking information on procedures for quantifying, reporting, and verifying the effect of climate-smart farming practices on the greenhouse gas (GHG) emissions associated with U.S.-grown biofuel feedstock crops with the goal to qualify for the production of Sustainable Aviation Fuel (SAF). Agriculture Secretary Tom Vilsack announced the request during the Clean Fuels Alliance America June …
Iowa Grants Approval for Summit Carbon Pipeline
The Iowa Utilities Board (IUB) granted approval this week for the Summit Carbon Solutions base pipeline project in the state. Iowa Renewable Fuels Association Executive Director Monte Shaw applauded the decision, which follows a public docket open almost three years and the longest public hearing in the history of IUB. “Today’s decision creates monumental opportunities for Iowa farmers faced with …
45Z Clean Fuel Production Credit Guidance Issued
The U.S. Treasury Department and Internal Revenue Service (IRS) issued guidance Friday for the 45Z Clean Fuel Production Credit under the Inflation Reduction Act. The guidance divides transportation fuel into two broad categories – sustainable aviation fuel (SAF) and non-SAF transportation fuel and notes that a taxpayer must have a signed registration letter from the IRS “dated on or before …
House Farm Bill Includes SAF Provisions
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 …