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Trump signs bill enacting 2-year extension of 45Z credit

President Donald Trump signs the One Big Beautiful Bill Act on the South Lawn of the White House, Friday, July 4, 2025, during the 4th of July picnic. (Official White House Photo by Molly Riley)

July 8, 2025

BY Erin Krueger

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European Parliament rejects proposal to classify soybean oil as high ILUC risk

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The European Parliament on July 8 voted to reject a proposed EU regulation that would have phased out the use of soybean oil as a biofuel feedstock by 2030. Representatives of the EU’s biobased diesel industry applauded the decision.

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USDA’s is scheduled to publish a final rule in Federal Register on July 9 altering the Section 9003 loan guarantee program to bar any borrower or guarantor from remaining involved in a project if it results in a monetary loss to the agency.

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President Donald Trump on June 29 signed a proclamation temporarily suspending countervailing duties (CVDs) on certain phosphate fertilizer imports, providing immediate relief to American farmers.

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A regulatory agenda released by the White House Office of Management and Budget on July 3 indicates the U.S. Department of the Treasury currently plans to issue final 45Z clean fuel production credit regulations in November 2026.

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As part of its strategy to reduce the climate impact of business travel, Deutsche Bank is investing in the deployment of sustainable aviation fuel (SAF) in air transport with the Lufthansa Group.

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