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% …
Dates for 2024 ACE DC Fly-in Set for March
The American Coalition for Ethanol (ACE) has announced its 13th annual DC Fly-in and Government Affairs Summit will take place March 14-15, 2024, assuming Congress will be in session on those dates. Building off this past spring’s successful return to Capitol Hill, ACE is eager to continue hosting one of the industry’s longest-running and successful fly-ins for biofuels advocates. “We …
Lawmakers Demand Action on E15 Waiver Request
A bipartisan, bicameral group of 22 lawmakers sent a follow up letter to the White House this week seeking swift action on regulations that would allow year-round sales of 15% ethanol blended fuel (E15) in eight Midwest states, as requested in April 2022 by the states’ governors. Congressman Brad Finstad (R-MN), Congresswoman Nikki Budzinski (D-IL), Senator Joni Ernst (R-IA), and …
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. …
Ethanol Exports Dip in October
U.S. ethanol exports moved three percent lower in October after an up month in September, but still maintained a respectable 117.1 million gallons (mg), according to the latest report from the Renewable Fuels Association. Year-to-date exports, totaling 1.16 billion gallons, are steady with last year at this time. Canada was our largest destination for the 31st consecutive month with exports …
New NASCAR Cup Series Iowa Corn 350, Powered by Ethanol
Iowa Corn is proud to announce the first-ever NASCAR Cup Series race in the state – the Iowa Corn 350, Powered by Ethanol – will showcase the performance of ethanol on the world’s fastest short-track, surrounded by corn fields. “I am pleased to share with the NASCAR family, why choosing higher blends of ethanol benefits everyone,” said Stan Nelson, a …
Clariant Closes sunliquid® Bioethanol Plant in Romania
Global specialty chemical company Clariant is shutting down its sunliquid® bioethanol production plant in Podari, Romania, and downsizing related activities of its Biofuels & Derivatives division in Germany. After developing the sunliquid® technology, Clariant had taken the decision in 2017 to establish its own commercial sunliquid® plant in Podari, which began producing bioethanol in the second quarter of 2022. In …
US Ethanol Exports Rebounded in September
U.S. ethanol exports were up 18% in September to 120.5 million gallons (mg), thanks in part to global denatured fuel sales reaching an 18-month high, according to the latest analysis from the Renewable Fuels Association. Canada was our largest destination for the 30th consecutive month with exports of 60.4 mg, accounting for half of total sales despite a 3% decrease …
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 …
EPA Fines Iowa Ethanol Plant Under Clean Air Act
The U.S. Environmental Protection Agency (EPA) has fined POET Biorefining – Menlo LLC a $89,860 penalty for alleged violations of the federal Clean Air Act. According to EPA, the Menlo facility is a “major air emission source” that failed to comply with federally enforceable permit provisions intended to limit harmful releases of air pollution. After reviewing POET Biorefining facility records …