Items Tagged with 'SAF'

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. 

Kip Tom, who leads President-elect Donald Trump’s ag coalition, says he expects the transition team to move much more quickly to fill cabinet positions. Whether Tom is going to be in it, perhaps as agriculture secretary, remains to be seen. He served as U.S. ambassador to the UN agriculture and food programs during the first Trump administration.

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.

Election results should start coming in tonight, with control of the White House, Senate and House all very much up in the air. But keep in mind it could be days before we know which party controls the White House and U.S. House, given the time it will take to count votes.