Bailey Arnold

The Treasury Department is teeing up guidance on several tax credits in Democrats’ climate legislation that are designed to boost American manufacturing and energy security, including measures for electric vehicles, sustainable aviation fuel and clean hydrogen production. “This focus will lower energy costs for households and small businesses and encourage American innovation for a clean […]

The U.S. Department of Energy (DOE) Bioenergy Technologies Office (BETO) today announced $18.6 million in funding for eight university and industry projects to develop biomass feedstocks to produce affordable biofuels and bioproducts that reduce greenhouse gas (GHG) emissions. Located in eight states, the projects will create good-paying jobs, support rural economies, and encourage participation of underserved communities, all while putting the

In January 2023, U.S. production capacity of renewable diesel and other biofuels reached 3 billion gallons per year, surpassing U.S. biodiesel production capacity for the first time. Rising targets for state and federal renewable fuel programs and the renewal of biomass-based diesel tax credits are driving this growth in U.S. renewable diesel capacity, according to

The National Oilseed Processors Association and the United Soybean Board announced Aug. 28 the availability of a new study, The Economic Impact of the U.S. Soybeans & End Products on the U.S. Economy, that examines the value of the American soybean industry. To develop the study, NOPA and USB commissioned LMC International Ltd., an independent

Last year’s Inflation Reduction Act created tax credits meant to stimulate the production and use of sustainable aviation fuel (SAF), a critical tool in the aviation sector’s decarbonization strategy. To qualify for the tax credits, SAF must reduce lifecycle greenhouse-gas (GHG) emissions by at least 50 percent compared to conventional jet fuel. SAF that achieves