May 28, 2024
BY Erin Voegele
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Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.
Treasury and the IRS on Jan. 10 released guidance on the 45Z clean fuels production credit, including a notice of intent to propose regulations and a notice providing the annual emission rate table for the credit.
The U.S. DOE and the U.S. EPA on Jan. 8 awarded $6 million to three companies that are working to scale up innovative biofuel production technologies, including those focused on SAF and cellulosic ethanol.
The USDA has appointed 36 members to serve on the newly formed Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program Advisory Council, informally known as the Growing Climate Solutions Act Advisory Council.
The U.K.’s sustainable aviation fuel (SAF) mandate officially came into force on Jan. 1. By law, SAF must now account for at least 2% of all jet fuel in flights taking off from the U.K. The mandate is set to expand to 10% in 2030 and 22% in 2040.