Representatives Sharice Davids (D-KS) and Dusty Johnson (R-SD) this week announced the creation of the Congressional Sustainable Aviation Caucus (CSAC). Co-chaired by Davids and Johnson, the caucus will work to reduce the aviation industry’s environmental impact and maximize its financial sustainability. By accessing federal policy, holding forums, and bringing together public and private partners, the caucus will play a key …
45Z Clean Fuel Production Credit Guidance Issued
The U.S. Treasury Department and Internal Revenue Service (IRS) issued guidance Friday for the 45Z Clean Fuel Production Credit under the Inflation Reduction Act. The guidance divides transportation fuel into two broad categories – sustainable aviation fuel (SAF) and non-SAF transportation fuel and notes that a taxpayer must have a signed registration letter from the IRS “dated on or before …
House Farm Bill Includes SAF Provisions
The Farm, Food, and National Security Act of 2024 that advanced out of the House Agriculture Committee last week includes provisions for Sustainable Aviation Fuel under the Energy Title (IX). The title “(a)ffirms sustainable aviation fuel as an advanced biofuel” as seen in H.R.6271 – Farm to Fly Act of 2023. Sustainable Aviation Fuel (SAF) Coalition Executive Director Alison Graab …
LanzaTech Earnings Soar on SAF
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 …