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House bill bans Russian oil, increases access to US biofuels

March 21, 2022

BY Erin Voegele

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Nebraska governor signs bill creating SAF tax credit

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By Erin Voegele

an hour ago

Sustainable Aviation FuelsPolicy

Nebraska Gov. Jim Pillen on April 24 signed a legislative package that includes a tax credit to support the production of SAF within the state. The tax credit applies to eligible SAF that achieves at least a 50% GHG emissions reduction.

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A coalition of 36 biofuel producers, ag groups, airlines and other SAF stakeholders on April 24 sent a letter to Agriculture Committee leaders in the House and Senate urging them to provide support for SAF in the upcoming Farm Bill.

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The USDA on April 23 awarded more than $43 million in grants through the Higher Blends Infrastructure Incentive Program to support projects that will increase the availability of domestic biofuels in 15 states.

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Vertex Energy Inc. on April 18 announced the renewable diesel production unit at its refinery in Mobile, Alabama, operated at approximately 50% of nameplate capacity during the first quarter of 2024, in line with the company’s previous forecasts.

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Calumet Specialty Products Partners L.P. on April 16 released a Q1 operational update, reporting that its Montana Renewables biorefinery operated well throughout the three-month period, with production volumes sequentially improved each month.

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