Internal Revenue Service Provides 45Z Registration Guidance
The Internal Revenue Service (IRS) released guidance on Friday, May 31, 2024, explaining how to register for the 45Z Clean Fuel Production Credit, including a list of feedstocks that could qualify for the $1-per-gallon credit. The 45Z credit takes effect on Jan. 1, 2025, and the IRS said that the highly anticipated guidance is yet […]
Mastering Fundamentals: First Step for Promising New Sustainable Vehicle Fuels
Two NREL Reports Detail Findings on Fundamental Fatty Acid Methyl Esters (FAME) Fuels Research in Partnership With ExxonMobil and Genomatica While the demand for climate-warming fuels like petroleum and diesel is expected to peak before 2030, the global energy demand for alternative fuels to power vehicles to transport people, goods, and services will grow rapidly […]
Renewable Identification Number (RIN) Prices: Going Over the Cliff
An interesting new article from Reuters on the current travails of the US renewable diesel industry was published this week. The article is not only informative, but it is also helpful in settling a debate that has been rattling around the biofuel and investment sectors for the last year. In particular, the article summarizes the earnings hit […]
Volvo Expands Range Trucks Powered by 100% Biodiesel
A full range of new Volvo truck models can now be powered by 100% biodiesel (B100), offering another renewable fuel choice for customers looking to reduce CO2 emissions from transport here and now. Volvo Trucks is expanding its model offers adapted for biodiesel B100. This is yet another move in line with the company’s strategy […]
Michigan House Considering Biodiesel Production and Retail Sale Tax Credits
Biodiesel supporters are asking Michigan lawmakers to pass a tax incentive to accelerate production and availability of the fuel. Michigan Soybean Association’s Ben Steyer says while two plants in the state produce more than 16 million gallons of biodiesel annually, it is not easily accessible. “A recent survey of 250 retail fuel stations across Michigan […]
Clean Fuels Take on 40B SAF-GREET Release
The much-anticipated user interface to calculate the 40B SAF Blenders Tax Credit using Argonne’s GREET model was released on April 30. The good news is that all the Clean Fuels’ HEFA feedstocks should qualify under the tax credit in some capacity. Using the GREET methodology, all feedstocks except canola will qualify, while canola can meet […]