National Corn Growers Association (NCGA) farmer leaders are expressing concern about the final guidance on eligibility for the Sustainable Aviation Fuel 40B tax credits released by the Biden administration this week. Specifically, NCGA is concerned with updates made to the Department of Energy’s GREET model, which requires farmers to bundle the use of no-till practices, enhanced efficiency fertilizers and cover …
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. …
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 …
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 …
RFA CEO Honored as Patriotic Employer
Renewable Fuels Association (RFA) President and CEO Geoff Cooper, an Army veteran, was honored this week by the Department of Defense Employer Support of the Guard and Reserve office “for contributing to national security and protecting liberty and freedom by supporting employee participation in America’s national guard and reserve force.” Under Cooper’s leadership, RFA last year founded Veterans for Renewable …
SAF Stakeholders Call for Farm Bill Provisions
Industry stakeholders representing nearly the entire supply chain for Sustainable Aviation Fuel (SAF) are calling on House and Senate Agriculture Committee leaders to include provisions in the Farm Bill to boost the role of American farms in fueling low-carbon aviation. “SAF, which can be produced from renewable biomass and agriculture-based feedstocks, presents an opportunity to expand U.S. markets for agricultural …
Nebraska Governor Signs SAF Tax Credit Bill
Nebraska Gov. Jim Pillen has signed into law the establishment of a production tax credit for sustainable aviation fuel (SAF) in Nebraska. The SAF tax credit (LB937) will provide a $0.75 per gallon tax credit for the production of aviation fuel that reduces lifecycle emissions by at least 50 percent, which may be calculated based on the most recent version …
Indigo Ag and Red Trail Energy Partner for Low CI Corn
Sustainable agriculture company Indigo Ag and North Dakota bioethanol producer Red Trail Energy (RTE) have announced a collaboration to source low carbon intensity (CI) corn to support farmers using sustainable practices and benefit from emerging clean fuels market tax credit programs. Utilizing Indigo’s proven measurement, reporting and verification (MRV) and remote sensing capabilities, RTE will work with Indigo Ag to …