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52 lawmakers urge Treasury to issue 45Z guidance

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By Erin Voegele

July 24, 2024

Advanced BiofuelsPolicy

A bipartisan group of 16 senators and 36 representatives on July 23 sent a letter to U.S. Treasury Secretary Janet Yellen urging her agency to take immediate action to finalize the rules to implement the 45Z clean fuel production credit.

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American Farm Bureau Federation, National Corn Growers Association, Biotechnology Innovation Organization, American Soybean Association, and American Biogas Council are among more than 500 organizations calling for the passage of a new Farm Bill.

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The U.S. DOE has announced awards for the FY24 Phase I Release 2 of the Small Business Innovative Research and Small Business Technology Transfer program. Thirteen of 229 selected projects focus on bioenergy research and development.

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Nearly 2.04 billion RINs were generated under the RFS in June, down from 2.06 billion generated during the same month of last year. Total RIN generation for the first half of 2024 reached 12.07 billion.

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U.S. farm groups are urging the Biden administration to maximize the benefits of the 45Z clean fuels production tax credit by ensuring only fuels made using domestically produced feedstocks are eligible and improving climate-smart ag provisions.

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The student teams selected as finalists for AlgaePrize 2023–2025 are working to turn research proposals into results. The teams are making great strides in 15 unique projects that aim to unlock algal energy from a variety of angles.

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Reps. Ashley Hinson, R-Iowa, and Angie Craig, D-Minn., and 35 of their colleagues on July 10 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to set 2026 RFS RVOs that accurately reflect growth in biobased-diesel production.

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The U.S. DOE Bioenergy Technologies Office has released a RFI on renewable propane production technologies and uses to better understand the supply chains for production and uses of renewable propane and other renewable gaseous intermediates.

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A new study shows feedstocks produced within the U.S. are on track to support domestic production of an additional 1.4 billion gallons of renewable diesel and biodiesel, also known as biomass-based diesel (BBD), by 2030.

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U.S. operable biofuels production capacity increased in April, with gains for ethanol, biodiesel and renewable diesel, according to data released by the U.S. EIA on June 28. Feedstock consumption was down from the previous month.

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Shell plc on July 2 announced it will temporarily pause on-site construction work on a biorefinery in the Netherlands “to address project delivery and ensure future competitiveness given current market conditions.”

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The U.S. DOE Clean Fuels & Products Shot Summit Q&A is now available. Stakeholders across government, industry, academia, and non-profit organizations attended the event to learn about the Shot’s objectives, progress, priorities, and future plans.

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Phillips 66 on June 26 announced that its Rodeo Renewable Energy Complex in California is operating at full capacity, producing 50,000 barrels per day (800 MMgy) of renewable diesel and sustainable aviation fuel (SAF).

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MAIRE announces that KT - Kinetics Technology, also leveraging the technological know-how of NEXTCHEM, has been awarded by HOLBORN Europa Raffinerie GmbH an EPC project to develop an HVO complex inside the existing HOLBORN’s refinery in Hamburg, Germany.

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Clean Fuels Alliance America on June 25 filed a formal petition asking the U.S. EPA to reconsider RFS volumes for 2024 and 2025. The agency set biomass-based diesel and overall advanced volumes significantly below actual production of the fuels.

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BP on June 20 announced an agreement to acquire Bunge’s 50% interest in its BP Bunge Bioenergia S.A. JV. The company also said it is scaling back plans for the development of new SAF and renewable diesel projects at its existing sites.

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The U.S. EPA released updated RIN data on June 20, reporting that nearly 2.01 billion RINs were generated under the RFS during May, down from 2.11 billion generated during the same period of last year.

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Treasury and the IRS on June 18 released final rules implementing the wage and apprenticeship standard provisions of clean energy tax credits created by the IRA, including the 45Z clean fuels production tax credit.

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Topsoe has announced Braya Renewable Fuels’ biorefinery in Newfoundland is now producing renewable diesel at design capacity. The facility, which utilizes Topose’s HydroFlex technology, is also expected to produce SAF in the future.

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The U.S. Department of the Treasury and IRS have issued guidance on how to register for the Section 45Z Clean Fuel Production Tax Credit, encouraging fuel producers who may be eligible for the credit to apply for registration as soon as possible.

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A bipartisan group of 18 senators on June 11 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to boost RFS renewable volume requirements (RVOs) for biomass-based diesel and advanced biofuels in its upcoming 2026 rulemaking.

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Romania-based oil company OMV Petrom on June 11 announced it will move forward with plans to convert its Petrobrazi refinery in Brazi, Romina, to produce renewable diesel and sustainable aviation fuel (SAF).

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With the power to simultaneously fuel our airplanes, recycle carbon dioxide, provide nutrition for animals and humans, and create jobs for millions of Americans, algae matters to the U.S. clean energy economy.

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Rep. Randy Feenstra, R-Iowa, and Sens. Chuck Grassley, R-Iowa, and Joni Ernst, R-Iowa, on May 22 sent a letter to President Joe Biden and U.S. EPA Administrator Michael Regan urging the EPA amend its Renewable Fuel Standard blending requirements.

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The Chemical Catalysis for Bioenergy Consortium, a consortium of the U.S. DOE’s Bioenergy Technologies Office, has launched an effort that aims to gather community input on the development of new biomass processing facilities.

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A group of 25 trade organizations on May 15 sent a letter to Treasury Secretary Janet Yellen urging the agency to release guidance for the 45Z clean fuels production tax credit along with any necessary updated GREET models.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold a meeting May 22 in Washington, D.C.

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Calumet Specialty Products Partners L.P. on May 10 reported that operations at its Montana Renewables biorefinery improved sequentially through Q1 and was operating at planned production levels in April, producing both renewable diesel and SAF.

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Tidewater Renewables Ltd. on May 9 reported that its renewable diesel facility in Prince George, British Columbia operated well during the first quarter. The company also made significant progress on FEED for its proposed SAF project.

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On May 7, Cemvita, a biosolutions leader for the energy industry, announces a significant breakthrough enabling the company to produce substantial quantities of its sustainable oil from waste carbon sources.

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