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Treasury could issue guidance on SAF tax credits soon

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The U.S. Treasury Department could soon issue guidance on sustainable aviation fuel tax credits.

House Agriculture Committee member Angie Craig tells Brownfield she hopes the methodology demonstrates that this is a sector to invest in as the administration tries to meet its climate goals.

“And of course I continue to reinforce to the administration that biofuels, ethanol, biodiesel, should be and are a huge part of allowing us to meet our climate goals.”

Ethanol groups including the Renewable Fuels Association are urging the Treasury to recognize the GREET model as an allowable method for determining the carbon intensity of sustainable aviation fuel feedstocks.

Treasury could issue guidance on SAF tax credits soon