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Treasury, IRS issues guidance on new SAF tax credit

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By U.S. Treasury Department

December 27, 2022

PolicyBusinessCoproducts

The Treasury Department and Internal Revenue Service on Dec. 19 issued a notice regarding the sustainable aviation fuel (SAF) credit. The new credit was created by the Inflation Reduction Act of 2022.

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MN Bio-Fuels releases 2022 annual report

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By Minnesota Bio-Fuels Association

December 27, 2022

The Minnesota Bio-Fuels Association (MN Bio-Fuels) released its 2022 Annual Report in mid-December. The report highlights MN Bio-Fuels work in the areas of advocacy, communications and fuel marketing and supply chain.

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ACE submitted feedback to the USDA's request for public input on implementation of funding in the Inflation Reduction Act for key NRCS conservation programs to spur farmer adoption of climate-smart practices.

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The Renewable Fuels Association on Dec. 23 applauded Missouri Gov. Mike Parson for notifying the U.S. EPA that he is taking action to allow the year-round sale of lower-carbon, lower-cost E15 in the Show-Me State.

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As the SAF industry moves forward in pursuit of its 2030 and 2050 market goals, continued expansion and evolution of state and federal SAF policy will be essential for success.

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The Treasury Department and Internal Revenue Service on Dec. 19 issued a notice regarding the sustainable aviation fuel (SAF) credit. The new credit was created by the Inflation Reduction Act of 2022.

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The Renewable Fuels Association's annual review of vehicle owner's manuals and warranty statements indicates that E15 is explicitly approved by the manufacturer for use in the vast majority of model year 2023 cars and light trucks.

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2022 was a year of positive change for POET, including an acquisition that expanded global market access, new opportunities for POET's bioproducts, and a visit from President Biden to announce summertime E15.

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The United Soybean Board has partnered with Purdue University on a Food and Fuel study to evaluate whether the increased use of soybean oil in biofuels has contributed to the rising retail prices of food products for consumers.

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In Panama City, Panama, U.S. Grains Council staff in Latin America and the Caribbean (LTA) participated in the VII Energy Week. Delegates from more than 21 countries attended the event to discuss energt-related topics.

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The USDA on Dec. 15 awarded $285 million to 844 projects under the Rural Energy for America Program. The agency also announced it is offering an additional $300 million in REAP funding, including $250 million allocated through the IRA.

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The USDA on Dec. 15 awarded $285 million to 844 projects under the Rural Energy for America Program. The agency also announced it is offering an additional $300 million in REAP funding, including $250 million allocated through the IRA.

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In comments submitted on Dec. 20 to the California Air Resources Board, the RFA stressed its ongoing support for the state's LCFS and provided recommendations to strengthen and expand the landmark program beyond 2030.

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Business Briefs

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By Ethanol Producer Magazine

December 20, 2022

Business announcements from the January issue of Ethanol Producer Magazine, including Davis being reappointed to REEAC, Red River Energy partnering with Carbon Sink to supply green methanol to Maersk, D3MAX presenting in Brazil, and more.

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The U.S. EPA on Dec. 20 released a final analysis on the price of RINs and small refineries in response to a U.S. GAO report. The final analysis confirms the agency's conclusion that small refineries recover their RFS compliance costs.

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The U.S. EPA on Dec. 20 released a final analysis on the price of RINs and small refineries in response to a U.S. GAO report. The final analysis confirms the agency's conclusion that small refineries recover their RFS compliance costs.

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Growth Energy CEO Emily Skor wrote to U.S. EPA Administrator Michael S. Regan requesting the agency return to the Midwest for an in-person hearing on the agency's 2023-2025 plan for biofuels under the Renewable Fuel Standard.

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Growth Energy CEO Emily Skor has released a statement in response to a highly misleading article from Reuters about ethanol's climate benefits. The latest story recycles the same “flawed interpretation of data� the outlet published earlier this year.

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INSIDE CFAA: Midwest Momentum

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By Clean Fuels Alliance America

December 19, 2022

This past year, states across the country continued to prioritize low-carbon renewable fuels like biodiesel, renewable diesel and sustainable aviation fuel.

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INSIDE CFAA:Clean Fuels Welcomes New Members

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By Donnell Rehagen

December 19, 2022

Clean Fuels Alliance America hosted its annual member meeting in Washington this November with three major agenda items to accomplish: grow our membership, elect new leaders, and maintain relationships with congressional champions.

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The EBB welcomes the European General Court decision to dismiss the actions for annulment initiated by three Indonesian biodiesel producers in March 2020, following the EU imposition of definitive countervailing duties on Indonesian biodiesel.

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As policymakers put the finishing touches on the EU's Fit for 55 program, they must consider the combined benefits of bioethanol. Beyond climate, it is a proven driver of energy independence, food security and rural economic development.

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Growth Energy to Fuel Beyond in 2023

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By Emily Skor

December 16, 2022

We're headed into 2023 with a bipartisan wind at our backs. Biofuels are positioned for success, and we're grateful to our supporters in Congress—old and new—who share Growth Energy's vision for a thriving low-carbon economy.

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The U.S. EPA released updated small refinery exemption (SRE) data on Dec. 15, reporting that one new SRE petition was filed under the Renewable Fuel Standard in the past month. A total of 10 SRE petitions are now pending.

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The U.S. EPA on Dec. 15 released data showing more than 1.94 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in November, up from 1.78 billion generated during the same month of last year.

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CoBank on Dec. 13 released a report outlining its 2023 forecast for the U.S. rural economy. Within that report, CoBank says “the outlook for biofuels is very strong, supported by federal policy and demand tailwinds from 2022.�

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The U.S. EPA released updated small refinery exemption (SRE) data on Dec. 15, reporting that one new SRE petition was filed under the Renewable Fuel Standard in the past month. A total of 10 SRE petitions are now pending.

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The U.S. EPA on Dec. 15 released data showing more than 1.94 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in November, up from 1.78 billion generated during the same month of last year.

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CoBank on Dec. 13 released a report outlining its 2023 forecast for the U.S. rural economy. Within that report, CoBank says “the outlook for biofuels is very strong, supported by federal policy and demand tailwinds from 2022.�

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The Portland City Council on Dec. 8 adopted a new policy that aims to reduce carbon emissions from diesel-fueled transportation by phasing in requirements for the use of renewable fuels, such as biodiesel and renewable diesel.

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