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Clean Fuels, ag groups urge adoption of GREET for SAF tax credit

September 20, 2023

BY Erin Voegele

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EPA, USDA and FDA issue regulatory plan for biotechnology

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By Erin Voegele

17 hours ago

Policy & Regulation

The U.S. EPA, USDA and U.S. Food and Drug Administration on May 8 released a plan developed by the agencies to update, streamline and clarify their regulations and oversight mechanisms for products of biotechnology.

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Gevo Inc. released Q1 results on May 2, reporting that the company’s RNG project operated at approximately 89% of capacity during the quarter and that efforts continue to secure a DOE loan guarantee for the company’s proposed SAF project.

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Leaders of the U.S. ethanol industry are seeking to intervene in a legal challenge of the ReFuelEU Aviation Regulation, which effectively bans the use of renewable, crop-based biofuels like corn ethanol as a feedstock for SAF.

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U.S. Senate Agriculture, Nutrition and Forestry Committee Chairwoman Debbie Stabenow, D-Mich., and House Agriculture Chairman Glenn “GT” Thompson, R-Pa., on May 1 released outlines for competing versions of the 2024 Farm Bill.

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The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.

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