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 …
Blue Biofuels Makes First Cellulosic Ethanol
Florida-based Blue Biofuels (BIOF) announced this week that a significant milestone has been made in advancing its Cellulose-to-Sugar (CTS) technology towards commercial scale with the production of its first batch of cellulosic ethanol, utilizing the cellulosic sugars created from biomass on its CTS pilot line. Entering into the next phase, BIOF has embarked on the funding process to establish production …
Zeakal PhotoSeed Corn Could Help Meet SAF Demand
ZeaKal recently announced groundbreaking PhotoSeed™ technology in corn, designed to improve the crop’s oil and sustainability profile without compromising yield or protein. In first year replicated field trials, PhotoSeed increased corn oil composition by an average of 23 percent. PhotoSeed enhances a plant’s photosynthetic capacity, capturing more CO2 and sunlight. This additional carbon capture increases oil production without taking away …
Ag and Food Summit Features SAF Discussion
Sustainable aviation fuel (SAF) was the topic of two panels at Monday’s “2024 Ag & Food Policy Summit: Revitalizing Rural Revenues” in Washington D.C. and there was a lot of discussion surrounding the GREET model, changes in the RFS, carbon sequestration, corn ethanol, and new feedstocks. Alder Renewables CEO Tim Obitts says agriculture holds the key to the future for …
Clean Fuels Showcases What’s New at #Classic24
It was over 30 years ago that soybean farmers found a new market for their product in fuel made from soybean oil that was eventually called biodiesel, but the market for that clean fuel has expanded to include new feedstocks and opportunities. Clean Fuels Alliance America, formally known as the National Biodiesel Board, hosted a Learning Center Session at the …