SOURCE: Charles River Associates
August 9, 2024
BY Gevo Inc.
Advertisement
Advertisement
A bill introduced in the North Dakota Senate aims to create a low-carbon fuels fund that would help the state’s ethanol producers lower the CI of the fuel they produce, increasing local demand for corn and helping producers access SAF markets.
Calumet on Jan. 28 announced disbursement of the first tranche of its $1.44 billion U.S. DOEloan guarantee to support the expansion of SAF production at its Montana Renewables facility will be delayed to allow review by the Trump administration.
The Trump administration has asked the U.S. Supreme Court to pause the small refinery exemption (SRE) lawsuit currently pending before the court while the agency “reassesses the basis for and the soundness of the denial actions.”
The U.S. Senate on Jan. 29 voted 56 to 42 to confirm Lee Zeldin to serve as administrator of the U.S. EPA. Representatives of the biofuels industry are congratulating Zeldin and expressing confidence he will keep the RFS on track.
Rep. Beth Van Duyne, R-Texas, on Jan. 16 introduced a bill that aims to repeal the Section 45Z clean fuel production credit. The tax credit, established by the IRA, supports the production of various low-carbon transportation fuels.