U.S. Department of Energy
March 1, 2024
BY Erin Voegele
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The U.S. Treasury Department and IRS on Oct. 18 issued additional guidance for the 40B SAF tax credit. The new guidance, Notice 2024-74, addresses the use of an updated 40BSAF-GREET 2024 model released by the U.S. Department of Energy in October.
More than 1.99 billion RINs were generated under the RFS in September, up from 1.96 billion generated during the same month of last year. Total RIN generation for the first nine months of the year reached 18.58 billion
Calumet Inc. announced on Oct. 16 that the U.S. Department of Energy Loan Programs Office has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund SAF capacity expansion at Montana Renewables LLC.
Gevo Inc. on Oct. 16 announced it has received a conditional commitment for a loan guarantee with disbursements totaling $1.46 billion from the U.S. Department of Energy Loan Programs Office for its Net-Zero 1 project (NZ1) in South Dakota.
American Farm Bureau President Zippy Duvall on Oct. 15 urged the administration to prioritize American-grown crops in the production of sustainable fuels during a meeting at the White House organized by the AFBF.