New 40B SAF tax credit guidance addresses use of updated 40BSAF-GREET 2024 model
October 21, 2024
BY Erin Voegele
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President Trump on July 4 signed the “One Big Beautiful Bill Act.” The legislation extends and updates the 45Z credit and revives a tax credit benefiting small biodiesel producers but repeals several other bioenergy-related tax incentives.
CARB on June 27 announced amendments to the state’s LCFS regulations will take effect beginning on July 1. The amended regulations were approved by the agency in November 2024, but implementation was delayed due to regulatory clarity issues.
SAF Magazine and the Commercial Aviation Alternative Fuels Initiative announced the preliminary agenda for the North American SAF Conference and Expo, being held Sept. 22-24 at the Minneapolis Convention Center in Minneapolis, Minnesota.
Rayonier Advanced Materials Inc. and Verso Energy on June 23 announced the signing of a new MOU to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of an e-SAF project in Georgia.
Saipem has been awarded an EPC contract by Enilive for the expansion of the company’s biorefinery in Porto Marghera, near Venice. The project will boost total nameplate capacity and enable the production of SAF.
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