SOURCE: Boeing
November 21, 2022
BY NASA
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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.
In 2024, Iowa biodiesel production ticked up to 353 million gallons, up from 350 in 2023. Iowa biodiesel plants managed to power through being undercut by a drastically low RFS blending level, but could not escape uncertainty surrounding tax policy.
The USDA on Jan. 10 awarded $60 million in Higher Blends Infrastructure Incentive Program grants. The funding supports 70 projects in 24 states that aim to increase consumer access to higher blends of ethanol and biodiesel.
Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.
Treasury and the IRS on Jan. 10 released guidance on the 45Z clean fuels production credit, including a notice of intent to propose regulations and a notice providing the annual emission rate table for the credit.