September 5, 2024
BY U.S. Department of Energy
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The ABFA is urging the Biden administration to immediately issue the guidance necessary for the industry to claim the 45Z Clean Fuels Production Credit. The group is also calling on Congress to extend the existing blender credits.
The U.K.’s sustainable aviation fuel (SAF) mandate was signed into law on Nov. 18 and is set to come into force on Jan. 1, 2025. The government has also launched a new Jet Zero Taskforce to revamp efforts to make greener air travel a reality.
Clean Fuels Alliance America on Nov. 26 thanked Reps. Nikki Budzinski, D-Ill., and Mike Carey, R-Ohio, for urging the IRS “to ensure that taxpayers’ registrations under §45Z Clean Fuel Production Credit are completed before January 1, 2025.”
Invizyne Technologies Inc., a leading designer of cell-free, enzyme-based biomanufacturing systems, has announced it was awarded a $2 million project to enable enzyme production for cell-free biomanufacturing of SAF.
Nearly 2.16 billion RINs were generated under the RFS in October, up from 2.13 billion generated during the same month of last year. Total RIN generation for the first 10 months of 2024 reached 20.85 billion.