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House Ways and Means committee members seek stakeholder input on 45Z tax credit

Rep. Randy Feenstra, R-Iowa

November 19, 2024

BY Erin Voegele

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ABFA calls for immediate 45Z guidance and extension of blender credits

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By Advanced Biofuels Association

14 hours ago

PolicyAdvanced Biofuels

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.

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U.S. ethanol and biodiesel capacity held steady in September, while renewable diesel capacity fell slightly, according to data released by the U.S. EIA on Nov. 29. Feedstock consumption was down when compared to the previous month.

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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.

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Firefly Green Fuels, a British sustainable aviation fuel (SAF) developer, on Nov. 15 signed a memorandum of understanding (MOU) with Sanepar, one of Brazil’s largest water and sanitation companies.

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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.”

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