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.
…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...