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...
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Neste Advances Position in SAF
Sustainable Aviation Fuel (SAF) is poised to make an impact in coming years. While mandates for SAF are not in place within the US renewable fuel framework specifically for renewable jet fuel, the US Renewable Fuel Standard (RFS) does account for it under the biomass-based diesel category and California does allow it as an opt-in fuel in their LCFS program. 2.4 million gallons were consumed within the RFS in 2019. 1.9 million were reflected within California’s LCFS program.
Earlier this year, Norway announced their aviation industry must blend 0.5 percent advanced biofuel into jet fuel from 2020 onwards, and 30 percent is expected to be sustainable by 2030. This month, Sweden announced their…