
SOURCE: Summit Carbon Solutions
November 6, 2024
BY Erin Voegele
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The U.S. DOE on June 12 released an update of its 45ZCF-GREET model, which is used to calculate fuel emissions rates for the 45Z clean fuel production credit. Release of the model provides much-needed certainty for the U.S. renewable fuel industry.
The International Air Transport Association highlighted Brazil’s opportunity to become a sustainable aviation fuel (SAF) powerhouse as its 82nd Annual General Meeting gathered in Rio de Janeiro, Brazil.
U.S. Agriculture Secretary Brooke Rollins reiterated support for E15 and confirmed that release of USDA feedstock guidance related to the 45Z clean fuel production credit is imminent during a June 10 hearing held by the Senate Agriculture Committee.
The US ethanol sector believes the push for year-round E15 access has substantial momentum after years of policy fights, Emily Skor, CEO of Growth Energy, said in an interview.
Compliance credits for biomass-based diesel and ethanol have doubled in value since the start of this year. The credits, known as RINs, have increased in price, mostly because of higher U.S. biofuel blending targets.