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ITA’s REEEAC committee to meet June 27

June 20, 2023

BY Erin Voegele

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Schneider introduces bill to extend 45Z clean fuel production credit through 2037

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By Erin Voegele

10 hours ago

PolicySustainable Aviation Fuels

Rep. Brad Schneider, D-Ill., on Oct. 22 introduced the Expanding Clean Fuel Production Act. The bill aims to extend the 45z clean fuel production credit for 10 additional years, through 2037. The credit is currently in place through 2027.

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E2 on Oct. 15 released a new analysis on the Inflation Reduction Act’s impact along with a survey of more than 900 businesses that indicates repealing or rolling back the IRA’s provisions would result in losses, layoffs and closures.

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The European Biodiesel Board on Oct. 17 obtained a favorable judgement from the Court of Justice, which rejected the appeal filed against the judgment of the General Court delivered on Dec. 14, 2022.

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New Energy Risk, a wholly owned division of Paragon Insurance Group, and Ecostrat on Oct. 22 announced a partnership to develop Feedstock Supply Insurance, an insurance offering that aims to mitigate risk in biomass feedstock supply chains.

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The U.S. Treasury Department and IRS on Oct. 18 issued additional guidance for the 40B SAF tax credit. The new guidance, Notice 2024-74, addresses the use of an updated 40BSAF-GREET 2024 model released by the U.S. Department of Energy in October.

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