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IRS issues final rule for 45Q tax credit

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By Erin Voegele

January 07, 2021

PolicyBusinessCoproducts

The U.S. Treasury Department and the IRS on Jan. 6 issued final regulations regarding the section 45Q tax credit for qualified carbon oxide sequestration. The Carbon Capture Coalition said the rule provides overdue regulatory and financial certainty.

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The U.S. Treasury Department and the IRS on Jan. 6 issued final regulations regarding the section 45Q tax credit for qualified carbon oxide sequestration. The Carbon Capture Coalition said the rule provides overdue regulatory and financial certainty.

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A notice published by the National Institute of Standards and Technology states that the combined 105th annual and 2021 Interim Meeting of the National Conference on Weights and Measures will address two issues related to E15 blends.

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OPINION: Have equipment needs? These incentive programs can help

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By Robert White, vice president of industry relations, Renewable Fuels Association

January 06, 2021

Introducing higher blends of ethanol with the support of incentive programs might be a way for fuel retailers who need to install new equipment, convert or retrofit older equipment, or meet EMV compliance lower their equipment costs.

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In a court filing on Jan. 5, the RFA and Growth Energy continued to call on the U.S. EPA and the U.S. Department of Energy to release the names and locations of refineries granted exemptions from their RFS blending obligations.

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In a court filing on Jan. 5, the RFA and Growth Energy continued to call on the U.S. EPA and the U.S. Department of Energy to release the names and locations of refineries granted exemptions from their RFS blending obligations.

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The U.S. EPA on Jan. 4 published a notice of a proposed consent decree that would require the agency to issue a decision regarding a 2019 SRE petition filed by United Refining Co. by Feb. 19. A public comment period is open through Feb. 3.

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The U.S. EPA on Jan. 4 published a notice of a proposed consent decree that would require the agency to issue a decision regarding a 2019 SRE petition filed by United Refining Co. by Feb. 19. A public comment period is open through Feb. 3.

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Legislation pre-filed with the Missouri Senate in late November aims to create a biodiesel blend mandate for all diesel transportation fuel sold with the state. The blend requirement would ramp up to 20 percent in 2024.

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The USDA's Commodity Credit Corp. announced on Dec. 23 that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2020, which runs from Oct. 1, 2020 through Sept. 30, 2021.

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The Manitoba government on Dec. 22 announced that it will step up its ethanol and biodiesel blending requirements over the next two years, requiring E10 and B5 blends of gasoline and diesel by the start of 2022.

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President Trump on Dec. 27 signed a legislative package that includes tax extenders, $900 billion in COVID-19 relief, and government funding, averting a government shutdown and providing potential COVID-19 relief to biofuel producers.

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The Manitoba government on Dec. 22 announced that it will step up its ethanol and biodiesel blending requirements over the next two years, requiring E10 and B5 blends of gasoline and diesel by the start of 2022.

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President Trump on Dec. 27 signed a legislative package that includes tax extenders, $900 billion in COVID-19 relief, and government funding, averting a government shutdown and providing potential COVID-19 relief to biofuel producers.

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The U.S. EPA has released data showing that more than 1.61 billion renewable identification number (RINs) were generated under the Renewable Fuel Standard in November, up from 1.58 billion generated during the same month of 2019.

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The road to qualifying for the 45Q tax credit can be confusing, with strict limitations on project phases and what constitutes start of construction. But, navigated properly, the credit is a promising opportunity.

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Accelerating Demand

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By Brian Jennings

December 22, 2020

The American Coalition for Ethanol is ready to execute on Accelerate, a roadmap for sparking new demand for ethanol. The plan is built around implementing new clean fuel policies, protecting what already exists and growing ethanol markets globally.

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The government of Canada on Dec. 18 published proposed regulations for its Clean Fuel Standard. Final regulations are expected to be published next year, with the CFS scheduled to come into force on Dec. 1, 2022.

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The U.S. House of Representatives and U.S. Senate voted to approve a $900 billion COVID-19 relief package on Dec. 21. The legislation, which includes ag relief that could benefit biofuel producers, is expected to be signed by President Trump.

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The government of Canada on Dec. 18 published proposed regulations for its Clean Fuel Standard. Final regulations are expected to be published next year, with the CFS scheduled to come into force on Dec. 1, 2022.

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The U.S. House of Representatives and U.S. Senate voted to approve a $900 billion COVID-19 relief package on Dec. 21. The legislation, which includes ag relief that could benefit biofuel producers, is expected to be signed by President Trump.

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Growth Energy CEO Emily Skor sent a letter to House and Senate leaders on Tuesday calling on Congress to include biofuels in any potential legislation to extend expiring tax provisions at the end of the year.

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The U.S. EPA on Dec. 17 reported five additional SRE petitions have been filed with the agency seeking exemptions of RFS blending requirements. The status of three other SRE petitions appear to have been changed from “denied� to “pending.�

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President-elect Joe Biden is expected to announce Michael Regan as his nominee to serve as administrator of the U.S EPA. Representatives of the biofuels industry are expressing hope that Regan will bring a change in philosophy to the agency.

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The SCALE Act was introduced on Dec. 16. It supports the buildout of the infrastructure necessary to transport CO2 from where it is captured to where it can be utilized in manufacturing or safely and securely sequestered underground.

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The USDA has announced it will open a new 30-day application period for the Higher Blends Infrastructure Incentive program on Dec. 21. The RFA, Growth Energy and ACE say they are ready and willing to help retailers apply for the program.

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President-elect Joe Biden is expected to announce Michael Regan as his nominee to serve as administrator of the U.S EPA. Representatives of the biofuels industry are expressing hope that Regan will bring a change in philosophy to the agency.

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The U.S. EPA on Dec. 17 reported five additional SRE petitions have been filed with the agency seeking exemptions of RFS blending requirements. The status of three other SRE petitions appear to have been changed from “denied� to “pending.�

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The USDA has announced it will open a new 30-day application period for the Higher Blends Infrastructure Incentive program on Dec. 21. The RFA, Growth Energy and ACE say they are ready and willing to help retailers apply for the program.

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Four former presidents of the National Farmers Union sent a letter to President-elect Joe Biden on Dec. 15 urging his administration to blaze a new trail in harnessing the power of U.S. agriculture to protect our planet for future generations.

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