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Balanced Reporting. Trusted Insights.
Saturday, April 05, 2025
A bipartisan group of senators is pushing the Treasury Department to restrict the new 45Z clean fuels tax credit to domestically sourced feedstocks. That would prevent imports of used cooking oil from qualifying for the tax subsidy.
Democratic members of the House Agriculture Committee met with Senate Ag Chairwoman Debbie Stabenow and House Minority Leader Hakeem Jeffries on Wednesday afternoon and left reiterating concerns about the GOP farm bill proposal.
Agriculture Secretary Tom Vilsack said Friday the Biden administration would need several more weeks to finalize its carbon assessment of feedstocks for sustainable aviation fuel, but he continued to express confidence that most of the product would ultimately come from agricultural sources.
The Environmental Protection Agency’s long-awaited action on a looming petition that would authorize the year-round sale of higher ethanol blends came Thursday, but with a caveat that frustrated the biofuels industry.
USTR’s Chief Agricultural Negotiator Doug McKalip is working to break down barriers for U.S. ag exports around the globe and when it comes to ethanol, he says Brazil is at the top of his list.
The nation’s railroads as well as airlines and ocean-going ships offer massive new opportunities for the U.S. biofuel industry, but some significant policy and logistical challenges could stand in the way.
Leaders of U.S. agribusiness giants expect the farm economy to remain relatively strong through next year despite higher interest rates and softening commodity markets.
The biofuel and airline industries continue to wait on the Treasury Department to issue some critical guidance that will determine which feedstocks can qualify for a new tax credit for sustainable aviation fuel.
The biofuel industry is growing optimistic that a broad range of agricultural feedstocks, including soybean oil, will be eligible for a valuable new tax credit that’s intended to stimulate production of sustainable aviation fuel.
