The departments have said that the update to the 40B SAF GREET (Greenhouse gases, regulated emissions, and energy use in transportation) model is to correct a calculation error in how catalyst inputs were calculated for the alcohol-to-jet (AtJ) production pathway.
The calculation error in the previous model resulted in “inaccurate estimates of the emissions associated with the catalyst input,” according to the Internal Revenue Service document released with the update. The updated model should be used for SAF that is sold or used after October 18.
The 40B tax credit, which extends the blender’s tax credit to SAF, expires at the end of 2024.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...