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Ethanol groups urge Treasury to adopt GREET for SAF tax credit

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By Erin Voegele

November 28, 2023

Policy & RegulationFeedstocksBusinessPolicy

The RFA, Growth Energy and the USGC on Sept. 14 sent a letter to U.S. Treasury Secretary Janet Yellen advocating for the adoption of GREET to measure GHG reductions for the purposes of SAF tax credit created by the Inflation Reduction Act.

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The U.S. Department of Energy's Bioenergy Technologies Office awarded $18.6 million in funding to eight university and industry projects to develop biomass feedstocks to produce affordable biofuels and bioproducts that reduce GHG emissions.

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Neste is disputing a report filed with the USDA that suggests the company may have received fraudulent used cooking oil (UCO) volumes at its renewable products refinery in Singapore, specifically virgin palm oil from Indonesia.

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Members of the European Parliament (MEPs) on Sept. 13 approved a new law that ramps up requirements for sustainable aviation fuel (SAF) within the European Union but sets limits on what types of feedstocks that fuel can be made from.

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Global used cooking oil (UCO) supplies are anticipated to rise from 3.7 billion gallons in 2022 to between 5 billion and 10 billion gallons by 2030, according to a report released by Clean Fuels Alliance America on Sept. 13.

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Agricultural Secretary Tom Vilsack on Sept. 12 called on ethanol producers to seize the opportunity offered by the emerging SAF market and stressed that climate-smart ag and carbon capture technologies must play a role in ethanol-to-SAF production.

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The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimate for 2022-’23 soybean oil use in biofuel production was revised up.

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The USDA's National Agricultural Statistics Service predicts soybean production for 2023 will fall to 4.15 billion bushels, down 3 percent from last year, according to the agency's latest Crop Production report, released Sept. 12.

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Gevo Inc. has finalized and executed a notice of grant and agreement award with the USDA for a Partnerships for Climate-Smart Commodities grant of up to $30 million for Gevo's Climate-Smart Farm-to-Flight Program.

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U.S. operable biofuels capacity was up in June, with gains for both ethanol and renewable diesel and associated fuels, according to data released by the U.S. EIA on Aug. 31. Feedstock consumption was also up during the month.

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Idemitsu Kosan, a Japanese petroleum company, and LOPS Corp., a Japan-based trading company that supplies oil and fats, on Aug. 24 announced plans to conduct a joint study focused on the procurement of feedstocks for SAF production.

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The Canadian government on Aug. 30 announced it is investing up to $5.3 million in an initiative that aims to support the development of biomass supply chains and cutting-edge technologies to produce biomass and value-added agricultural products.

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The U.S. DOE's Bioenergy Technologies Office and the U.S. National Science Foundation have funded three new projects that aim to help accelerate innovation and develop new biomanufacturing approaches.

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Through the GREATER MSP Partnership, Bank of America, Delta Air Lines, Ecolab and Xcel Energy have established the Minnesota SAF Hub – the first large-scale SAF Hub in the U.S. committed to scaling SAF production.

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Syngenta Seeds LLC and Sustainable Oils Inc. have entered into a new agreement to sell camelina sativa seed – an ultra-low carbon oilseed crop that can be used as feedstock for sustainable aviation fuel (SAF) and other biofuels.

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Reps. Jasmine Crockett, D-Texas, and Max Miller, R-Ohio, on Aug. 18 introduced the Farm to Fuselage Act, legislation that aims to update the Farm Bill to facilitate increased domestic production of sustainable aviation fuel (SAF).

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The Surface Transportation Board is soliciting nominations to fill six vacancies on its Rail Energy Transportation Advisory Committee. One of those vacancies is to be filled by a biofuel producer or feedstock provider.

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ADM and Marathon Petroleum Corp. on Nov. 14 celebrated the opening of their joint venture soybean processing complex, Green Bison Soy Processing, with a ribbon-cutting ceremony. The facility is located in Spiritwood, North Dakota.

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The North Dakota-based soybean processing plant developed by a joint venture (JV) of Archer Daniels Midland Co. and Marathon Petroleum Corp. is currently undergoing commissioning and expected to reach full production in November.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing and ethanol production were both up during the second half of August. Ethanol sales for the full month were up more than 9 percent from last year.

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Montana Renewables LLC, a subsidiary of Calumet Specialty Products Partners LP, on Sept. 18 hosted an event to celebrate the first receipts of camelina oil into its biorefinery in Great Falls, Montana. The facility produces renewable diesel and SAF.

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The U.S. Department of Energy's Bioenergy Technologies Office awarded $18.6 million in funding to eight university and industry projects to develop biomass feedstocks to produce affordable biofuels and bioproducts that reduce GHG emissions.

Read More

Neste is disputing a report filed with the USDA that suggests the company may have received fraudulent used cooking oil (UCO) volumes at its renewable products refinery in Singapore, specifically virgin palm oil from Indonesia.

Read More

Global used cooking oil (UCO) supplies are anticipated to rise from 3.7 billion gallons in 2022 to between 5 billion and 10 billion gallons by 2030, according to a report released by Clean Fuels Alliance America on Sept. 13.

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The USDA maintained its forecast for 2023-’24 corn use in ethanol but reduce its estimate for 2022-’23 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released Sept. 12.

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The USDA’s National Agricultural Statistics Service predicts corn production for 2023 will reach 15.1 billion bushels, up 10 percent from last year, according to the agency’s latest Crop Production report, released Sept. 12.

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The USDA’s National Agricultural Statistics Service predicts soybean production for 2023 will fall to 4.15 billion bushels, down 3 percent from last year, according to the agency’s latest Crop Production report, released Sept. 12.

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The USDA maintained its forecast for 2023-'24 soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimate for 2022-'23 soybean oil use in biofuel production was revised up.

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Ethanol production in Brazil is expected to increase by 7 percent this year due to an increase in sugarcane production and a continued steady increase in corn ethanol production, according to a report filed with the USDA.

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On Sept. 6, Illinois Gov. JB Pritzker joined state and local leaders to celebrate the groundbreaking of Incobrasa Industries LTD's expanded soybean crushing facility. The project adds 70,000 square feet of new state-of-the-art production facilities.

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