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House Ag Committee advances Farm Bill that includes SAF provisions

May 28, 2024

BY Erin Voegele

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Montana Renewables closes $1.44 billion DOE loan guarantee

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By Erin Voegele

17 hours ago

BusinessPolicy

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.

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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.

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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.

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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.

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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.

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