Biofuels News

Farm groups are warning the Biden administration against requiring farmers to implement specific groups of climate-smart farming practices in order for their crops to qualify for a valuable new clean fuels tax credit. Rules for a temporary tax credit, known as 40B, for sustainable aviation fuel that expires Dec. 31 require corn farmers to follow […]

It’s shaping up to be a frantic fall—how much more can we take? A breakout year for women’s basketball? An iconic baseball World Series matchup in the middle of football season? Fall harvest and the changing of leaves? All Hallows Eve? And then there’s the general election. This wild, loud and long election season is

USDA Deputy Secretary Xochitl Torres Small announced Oct. 29 that the department is awarding $39 million in grants to U.S. business owners to increase the availability of domestic biofuels in 18 states and give Americans cleaner, more affordable fuel options. Torres Small also announced USDA will make $200 million available through the new Biobased Market Access and

A new bill introduced in the U.S. House of Representatives aims to tack 10 years onto the life of a biofuel tax credit in a move that industry advocates say provides economic certainty to farmers. The clean fuel production credit (CFPC) for transportation fuel with zero or low greenhouse gas emissions — including sustainable aviation

Biofuels made from soybean oil add roughly $1.30 in value to a bushel of soybeans, experts say. Brad Wilson said if the U.S. Department of the Treasury doesn’t issue regulations on the 45Z Clean Fuel Production Credit soon, the 45-million-gallon-a-year biodiesel plant he manages in northwest Iowa may have to idle. “You’re going to be

Sustainable aviation fuel (SAF) could emerge as the next opportunity for substantial growth in U.S. biofuels production with proper market and regulatory incentives. Agricultural feedstocks are poised to play a leading role in the supply chain for domestic SAF production. However, any meaningful growth opportunities will be largely dependent on favorable policies and adequate incentives

The U.S. Energy Information Administration maintained its forecasts for 2024 and 2025 biodiesel production in its latest Short-Term Energy Outlook, released Oct. 8. The forecast for 2025 renewable diesel production was revised down. The EIA currently expects biodiesel production to average 110,000 barrels per day in 2024 and 100,000 barrels per day in 2025, unchanged

A new US tax credit for low-carbon fuels will likely begin next year without final guidance on how to qualify, leaving refiners, feedstock suppliers, and fuel buyers in a holding pattern. The US Treasury Department this month pledged to finalize guidance around some Inflation Reduction Act tax credits before President Joe Biden leaves office but conspicuously