In Washington, the U.S. Department of Energy released an update to the 45VH2-GREET model, which has been adopted by the Department of the Treasury for the purposes of calculating well-to-gate emissions of hydrogen production facilities for the clean hydrogen production tax credit established in Internal Revenue Code (I.R.C. section 45V [45V tax credit]). 45VH2-GREET Rev. […]
In Washington, in a letter submitted to the Biden administration, the Renewable Fuels Association laid out recommendations for ensuring that the best available science and data are used in determining eligibility for the sustainable aviation fuel (SAF) tax credit established in the Inflation Reduction Act. The Treasury Department released guidance in December regarding the implementation of the credit, […]
In Washington, Reuters reports the Treasury Department is set to approve the use of the GREET model for calculating feedstock greenhouse gas emissions this week that would allow corn-based ethanol to qualify as a pathway for proposed tax breaks for Sustainable Aviation Fuel under the Inflation Reduction Act. Sources said the department is expected to […]
