January 9, 2025
BY NXTClean Fuels
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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.
The Canadian government on Jan. 7 awarded more than $11 million to seven clean fuel and alternative fuel projects, including those focused on the production of renewable diesel, sustainable aviation fuel (SAF) and other types of bioenergy.
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.