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The Treasury Department released long-awaited guidance for a new tax credit for sustainable aviation fuel. Ethanol-derived SAF would be eligible as long as the corn is produced with three climate-smart farming practices.
The Biden administration is expected to announce key updates this week to its carbon-intensity scoring for sustainable aviation fuel this week, while lawmakers are struggling to break a partisan impasse over a new farm bill that Republicans are determined to move through the House Ag Committee in May.
The latest outbreak of highly avian pathogenic influenza has now claimed a large layer operation owned by the nation’s largest egg producer, Cal-Maine Foods. Nearly 2 million birds will be killed at the Texas operation, the company said Tuesday.
The biofuel industry is eagerly awaiting the Biden administration’s update of a model that will be used to measure the carbon intensity of sustainable aviation feedstocks and determine their eligibility for a valuable new tax incentives. But industry officials caution that the update is only one in several policy actions that will be needed to get SAF production off the ground.