Items Tagged with 'biofuels'

Those in the biofuel industry and lawmakers from biofuel-heavy districts are expecting enough bipartisan support to preserve the 45Z credit in tax reforms next Congress.

Biofuel groups are expressed increasing concern about the lack of guidance from the Treasury Department for a clean fuel tax credit that is set to take effect Jan. 1, saying investment has already slowed due to the uncertainty.

President-elect Donald Trump is setting up a cabinet of unusually diverse views and backgrounds that together could have a far-reaching impact on the food and agriculture sectors. Farm groups will be counting on his pick to lead USDA, Brooke Rollins, to be an advocate for ag within an administration. North Dakota Gov. Doug Burgum could be a key ally on energy policy.

North Dakota Gov. Doug Burgum, who has championed biofuels as well as his state’s oil and coal industries, will serve as energy czar in the Trump administration in addition to running the Interior Department, President-elect Donald Trump announced Friday.

Economists at the University of Illinois and USDA’s Economic Research Service are rolling back their estimates of growth in the renewable diesel industry, reflecting lower-than-expected demand for the biofuel.

Along the campaign trail, President-elect Donald Trump had vowed to repeal parts of the Biden administration's landmark climate law, the Inflation Reduction Act. Now facing a second Trump administration, industry groups are hopeful broad bipartisan support for biofuels and conservation programs in Congress means these initiatives will remain in place. 

Farm groups are re-upping concerns that the next phase of biofuel tax credits could still include bundling requirements that some say could limit opportunities for farmers.

Ethanol plant operators are heavily funding a campaign to protect a new South Dakota law they believe will ease the construction of a carbon dioxide pipeline across the state.