January 5, 2024
BY Erin Voegele
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The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.
On April 29, nine trade associations representing feedstock providers, advanced biofuel producers, and low-carbon fuel customers wrote to the U.S. EPA, urging the agency to propose and finalize robust 2026 RFS volumes by the statutory deadline.
The U.S. Department of Energy is offering up to $17.5 million in federal funding to develop cost-effective strategies for communities to sustainably manage and recover potential clean energy sources from their waste streams.
Nebraska Gov. Jim Pillen on April 24 signed a legislative package that includes a tax credit to support the production of SAF within the state. The tax credit applies to eligible SAF that achieves at least a 50% GHG emissions reduction.
A coalition of 36 biofuel producers, ag groups, airlines and other SAF stakeholders on April 24 sent a letter to Agriculture Committee leaders in the House and Senate urging them to provide support for SAF in the upcoming Farm Bill.