The 40B tax credit guidance and modified GREET model released April 30 by U.S. Treasury lays the groundwork for U.S. ethanol producers and farmers to participate in the emerging market for sustainable aviation fuels (SAF). But since 40B expires at the end of this year, all the attention will now turn to implementing the 45Z credit to start next year, …
Farmer Consultant Digs Into SAF Tax Credit Guidance
Iowa farmer and consultant Mitchell Hora, Continuum Ag, spent some time Wednesday morning breaking down the 40B sustainable aviation fuel (SAF) tax credit guidance released this week for farmers hoping to be eligible. There were over 400 farmers and other stakeholders on Hora’s webinar which ran for an hour and still was not able to address all the questions. Continuum …
Ethanol Industry Reacts to SAF Guidance
Ethanol industry stakeholders reacted to the 40B sustainable aviation fuel (SAF) tax credit guidance and modified GREET model released Tuesday by the Biden Administration. The new 40B GREET model will recognize GHG reductions from carbon capture and sequestration (CCS), renewable natural gas, and renewable power used to produce ethanol for qualifying SAF and include a “safe harbor” pilot program for …