Items Tagged with 'SAF'

Despite a flurry of last-minute action from the Biden administration on biofuel policy, producers are still uncertain on how reliable those moves are under Trump 2.0. 

Across the biofuel industry, some sectors are optimistic the Biden administration's framework for the key 45Z tax credit will boost clean fuel production and support farmers. However, the proposals are not a slam-dunk, and groups are preparing to continue advocacy with the new Trump team.

USDA is making it easier for growers to qualify for a new biofuel tax credit by increasing the number of eligible crops and climate-smart farming practices and dropping a bundling requirement.

Bayer said Thursday it has acquired camelina germplasm, intellectual property, and materials from Smart Earth Camelina Corp. with the goal of boosting its leadership in biofuel feedstocks. 

Red Trail Energy, an ethanol plant on a North Dakota carbon capture site, is one step closer to being purchased by biofuel company Gevo following a vote by its equity holders approving the transaction.

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.

The higher cost of sustainable aviation fuel in comparison to traditional fossil jet fuel is still the biggest barrier to scaling the clean fuel industry, according to the latest Pathways to Commercial Liftoff: Sustainable Aviation Fuel from the Department of Energy.