05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
*Please Note – Bob Lane will be out of the office until August 8, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
U.S. Senators Amy Klobuchar and Pete Ricketts recently introduced the Flex Fuel Vehicles Act, bipartisan legislation to support the production of vehicles that use low-carbon fuels like ethanol. The act would ensure that flex fuel vehicles capable of running on E85 receive full credit under the rule for burning E85 at all times.
“Vehicles that utilize higher blends are good for the economy and reduce our dependence on foreign oil,” said Klobuchar. “Currently, flex fuel vehicles are not given full credit for their ability to reduce carbon emissions. My bill will change that and encourage the use of renewable fuels and flex fuel vehicles.”
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