Opinion: President Biden Needs Farmers as He Takes Climate Fight to the Aviation Sector
In this opinion piece, Lucas Lentsch, CEO of the United Soybean Board (USB),
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In this opinion piece, Lucas Lentsch, CEO of the United Soybean Board (USB),
Ag Secretary Tom Vilsack told ethanol industry advocates he is confident that E15 (gasoline blended with 15% ethanol) will be available in all 50 states by 2025 and will be able to qualify for sustainable aviation fuel and clean fuel tax incentives.
The Biden administration has taken a major step toward allowing ag commodities to qualify for a new tax subsidy for sustainable aviation fuel, but there are still key details to be worked out that affect the eligibility of oilseeds and corn ethanol as SAF feedstocks.
After a long wait, Sustainable Aviation Fueld Producers have information on how tax credits will be calculated and issued.
The Treasury Department on Friday released guidance on a new tax credit for sustainable aviation fuel that will allow agricultural commodities to qualify as SAF feedstocks under an updated version of the Energy Department’s relatively ag-friendly model for calculating the carbon intensity of biofuels, administration officials say.