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 …
U.S. Treasury and IRS Release SAF Guidance
The U.S. Department of the Treasury and Internal Revenue Service (IRS) today released guidance on the Sustainable Aviation Fuel (SAF) Credit established by the Inflation Reduction Act (IRA). The Treasury Department’s guidance provides important clarity around eligibility for the SAF Credit. The credit incentivizes the production of SAF that achieves a lifecycle greenhouse gas emissions reduction of at least 50% …
Treasury Expected to Release SAF Guidance
It is being reported that the Treasury Department may release highly-anticipated guidance on sustainable aviation fuel tax credits, possibly this week. In anticipation of the announcement, Renewable Fuels Association President and CEO Geoff Cooper said this guidance represents a “make-or-break” opportunity for the future of sustainable aviation fuels. “The Treasury guidance will go a long way in determining whether U.S. …
Michigan Advanced Biofuels Coalition Grows
The Michigan Advanced Biofuels Coalition (MiABC) now represents land, air and sea with the addition of three new stakeholders that support sustainable carbon reduction solutions in three different transportation sectors. The new stakeholders are Gevo, Inc., Southwest Detroit Environmental Vision (SDEV) and Waterfront Petroleum Terminal Company. “Interest in advanced biofuels continues to grow in Michigan as communities seek to reduce …
Continuum Ag Launches Billion Bushel Challenge
With an estimated six billion bushels expected to be used for ethanol production next year, Continuum Ag has set their sights on helping the industry SCORE (Carbon Intensity Score) over a billion bushels in 2024 with the Billion Bushel Challenge to help a million farmers improve their profitability via improved soil health. “This is the start of something very big, …
Clean Fuels Conference Preview
One of the first conferences of 2024 will be the Clean Fuels Conference, February 5-8, in Fort Worth, Texas. The event, hosted by Clean Fuels Alliance America, is where the biodiesel, renewable diesel and sustainable aviation fuel industries will meet to learn the latest on the next generation of low-carbon fuel policies, feedstock development opportunities and decarbonization efforts from leading …
Farm to Fly Act Introduced in House
The bipartisan Farm to Fly Act was introduced this week in the U.S. House by Congressman Max Miller (R-OH) “to create new, robust markets for American agricultural products and to strengthen domestic energy resources.” The legislation is co-sponsored by Reps. Mike Flood (R-NE), Angie Craig (D-MN), Brad Finstad (R-MN), Nikki Budzinski (D-IL), Ashley Hinson (R-IA), Jasmine Crockett (D-TX) and Randy …
House Biofuels Caucus Introduces GREET Act
House Biofuels Caucus Co-chairs Dusty Johnson (R-SD) Adrian Smith (R-NE), Angie Craig (D-MN), and Mark Pocan (D-WI) this week introduced the Adopt Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) Act to direct the Environmental Protection Agency (EPA) to update its greenhouse gas modeling for renewable fuels. The Adopt GREET Act would require the EPA to adopt the …
SAF Stakeholders Urge Administration to Adopt GREET Model
Nearly 70 industry stakeholders for Sustainable Aviation Fuel (SAF) – from ethanol producers and agribusinesses to major airlines – are calling on the Biden Administration to move forward in de-carbonizing aviation by recognizing the U.S. Department of Energy’s Argonne GREET model under Section 40B(e) of the Inflation Reduction Act. In an open letter to Treasury Secretary Janet Yellen, the authors …
Yield10 Bioscience Gives Update on Herbicide Tolerant Camelina
Yield10 Bioscience announced recent advancements toward enabling weed control for Camelina cultivation and supporting grower adoption of the crop for production of low-carbon intensity feedstock oil for the biofuel market. “The Yield10 team is making significant progress toward our goal of launching elite herbicide tolerant Camelina for producing feedstock oil for the biofuels market,” said Kristi Snell, Ph.D., Chief Science …