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 …
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, …
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 …
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 …
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 …
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 …
Ethanol Report on GREET Model Delay
GREET is the word that has still not been heard from the Biden Administration as the ethanol industry anxiously awaits a decision on a modified lifecycle analysis model that will be used to assess the eligibility of feedstocks for new tax credits under the Inflation Reduction Act. The Renewable Fuels Association (RFA) recently joined two dozen other biofuel and farm …