The U.S. Treasury Department has released long-awaited guidance regarding the implementation of the Inflation Reduction Act’s sustainable aviation fuel (SAF) tax credit. The guidance clarifies that a soon-to-be-updated version of the Department of Energy’s GREET model will be among the methodologies used to determine eligibility for the tax credit. The administration has committed to finishing the GREET model updates by March 1, 2024.
Renewable Fuels Association president and CEO Geoff Cooper says this is great news for ethanol producers even though there are important carbon modeling updates and details that still need to be worked out. He explains the Treasury guidance and what it means for ethanol producers in this edition of the Ethanol Report podcast.
Ethanol Report 12-15-23 17:20The Ethanol Report is a podcast about the latest news and information in the ethanol industry that has been sponsored by the Renewable Fuels Association since 2008.
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