January 9, 2025
BY Erin Voegele
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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.
On Jan, 7, the Oregon Department of Environmental Quality approved NXTClean Fuel’s 401 water permit, confirming that NXTClean’s renewable fuels facility can safely operate within Oregon’s strict environmental protection regulations.
Bayer on Jan. 9 announced a deal with Canada-based Smart Earth Camelina Corp., whereby Bayer has acquired their camelina germplasm, intellectual property, and materials to expand its global leadership position in biomass-based feedstock markets.
Neste and Bayer have signed an MOU aimed at developing a winter canola ecosystem in the U.S, including identifying partners and developing the value chain together, and scaling winter canola production as a raw material for renewable products.
SK Energy has successfully exported sustainable aviation fuel (SAF) to Europe, marking a first for a Korean refiner. This milestone comes just four months after the company commenced commercial production, completing a global value chain for SAF.