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The Biden administration has introduced a new subsidy program for sustainable aviation fuel (SAF), allowing producers to use corn-based ethanol as a feedstock. This initiative, announced on Tuesday, includes guidance from the US Treasury Department on tax credit eligibility, emphasizing the use of climate-smart agricultural (CSA) practices. Refineries along the Texas Gulf Coast can now claim tax credits for producing jet fuel from ethanol, cooking oil, and other renewable sources. This move is part of a broader effort to reduce greenhouse gas emissions by promoting the production of sustainable jet fuel.
The Biden administration Tuesday sought to spur the growth of sustainable jet fuel, seen as crucial to reducing greenhouse gas emissions, with a system of tax credits for producers. https://t.co/D1QcjCmNeQ
efineries operating along the Texas Gulf Coast can claim lucrative tax credits for making jet fuel from ethanol, cooking oil and other renewable supply chains instead of petroleum under new rules released by the Biden administration Tuesday. https://t.co/D6hOTpPwT3
The US Treasury Department released long-awaited guidance on tax credit eligibility for ethanol-derived sustainable aviation fuel (SAF) Tuesday, incorporating so-called climate-smart agricultural (CSA) practices #oott https://t.co/i72TwrxpWv
Biden team sets out path for ethanol aviation fuel subsidies https://t.co/Nf42176Ho4 https://t.co/QlFhqCGdOb
Biden team sets out path for ethanol aviation fuel subsidies #oott https://t.co/vt3Ia087qx
⚠️ BIDEN TEAM SETS OUT ETHANOL'S PATH TO AVIATION FUEL SUBSIDIES Full Story → https://t.co/EszpJR96gh The Biden administration on Tuesday released guidance on its sustainable aviation fuel (SAF) subsidy program that allows corn-based ethanol to qualify as a feedstock provided…
President Joe Biden’s administration is paving the way for producers of US corn ethanol to profit from a growing market for green jet fuel. https://t.co/v6K8nChER3