U.S. exports of both ethanol and the co-product dried distillers grains (DDGS) were higher in March, according to the latest analysis from the Renewable Fuels Association. March U.S. ethanol exports increased 15% to a 23-month high of 159.3 million gallons (mg), with 97% bound for just ten markets. The largest share (30%) transferred to Canada, our top customer for the …
US Ethanol Industry Seeks to Challenge EU SAF Regulation
The Renewable Fuels Association and LanzaJet are among U.S. ethanol interests seeking to intervene in a legal challenge of the European Union’s ReFuelEU Aviation Regulation, which effectively bans the use of renewable, crop-based biofuels like corn ethanol as a feedstock for decarbonizing the aviation sector. LanzaJet operates the world’s first ethanol-to-jet biorefinery in Georgia. Also collaborating in the intervention are …
Ethanol Report on 40B SAF Tax Credit and Beyond
The 40B tax credit guidance and modified GREET model released April 30 by U.S. Treasury lays the groundwork for U.S. ethanol producers and farmers to participate in the emerging market for sustainable aviation fuels (SAF). But since 40B expires at the end of this year, all the attention will now turn to implementing the 45Z credit to start next year, …
Nebraska Kicks Off Renewable Fuels Month
Nebraska Gov. Jim Pillen signed a proclamation Wednesday to officially kick off May as Renewable Fuels Month in the state. The proclamation was made during a ceremony at the State Capitol underscoring the pivotal role that renewable fuels play in the state’s economy, environment and energy security. The governor was joined by representatives from Renewable Fuels Nebraska, the Nebraska Soybean, …
Corn Growers Disappointed in GREET Model Update
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 …