US Deparment of Treasury Releases Guidelines on Tax Credits for SAF under Inflation Reduction Act
by Wendy Delaney, Amanda Luhavalja
Most ethanol produced in the US does not currently meet the standard for sustainable aviation fuel credits established by the Inflation Reduction Act of 2022 – but that could change in coming months, according to guidance released Dec. 15 by the US Department of the Treasury and the Internal Revenue Service.
The Department of Energy and other agencies will collaborate to update the current core Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) model in early 2024 so that it can be used for calculating SAF credits.
The guidance also created a “safe harbor” for SAF components that generate certain renewable identification numbers (RINs) under the current Renewable Fuel Standard.
…
01.02.2025
Biofuel producers use record levels of vegetable oils in October; capacity holds steady: EIA
US biodiesel and renewable diesel (RD) producers used a record 2.1 billion lb of vegetable oils in October as overall capacity remained unchanged.
US biomass-based diesel (BBD) capacity...
01.02.2025
US fat markets start year on active note; DCO, ethanol production up on week
The US animal fats and oils markets kicked off the new year with notable activity on Thursday January 2.
Most of the activity was yet again concentrated in...
01.02.2025
Brazilian tallow market remains quiet following New Year holiday
The price for bleachable fancy tallow (BFT) max 3.5% free fatty acids (FFA), CIF São Paulo, inclusive of 12% tax, was unchanged at 6.20-6.30 Reais ($1-1.02) per kg in...