Corn-based aviation fuel could earn tax credits under White House plan — at least for now.
Iowa Ethanol makers praised the move to use the GREET model, though its uncertain how long the Biden Administration will use it.
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Iowa Ethanol makers praised the move to use the GREET model, though its uncertain how long the Biden Administration will use it.
Ethanol Industry: But the administration will also update the methodology by March 1, which leaves some uncertainty for corn-based ethanol producers, as it could ultimately tighten requirements around SAF feedstocks.
The Treasury Department is spelling out the rules for tax credits designed to stimulate production of sustainable aviation fuel
Get latest articles and stories on World at LatestLY. The Biden administration released long-awaited guidance on Friday around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with fuel made from crude oil. World News | US Treasury Department Issues Guidelines Around a New Tax Credit for Sustainable Aviation Fuel.
Long-awaited guidance around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with conventional fuel was issued Friday by the Treasury Department.