In Belgium, the European Commission has approved a €500 million aid scheme to support investments in new biofuel production capacities. The scheme was approved under Temporary crisis and transition framework (TCTF) for State aid measures, adopted by the Commission at March 9, 2023 and modified to November 20, 2023 and to May 2, 2024. Under […]
In Indonesia, Indonesia Business Post reported that Indonesia state power utility PT PLN is committed to continuously support the government’s efforts to reduce carbon emissions and increase economic growth through support for clean energy supply. PLN President Director Darmawan Prasodjo said that the company continues to be committed to supporting the Government in reducing carbon […]
In Washington, as the final application window for the U.S. Department of Agriculture’s Higher Blend Infrastructure Incentive Program (HBIIP) closed earlier this week, the Renewable Fuels Association announced that it has now helped fuel retailers and distributors apply for more than $200 million in USDA grant funding. The project applications facilitated by RFA represent the addition […]
In Washington, U.S. Senators Jerry Moran (R-Kan.), Tammy Duckworth (D-Ill.), John Boozman (R-Ark.) and Amy Klobuchar (D-Minn.) recently launched the Senate Sustainable Aviation Caucus to promote the longevity of the aviation industry and the renewable fuels industry. “As the aviation industry strives for lower emissions and cleaner energy sources, the development and utilization of sustainable […]
In Washington, testimony at a USDA public consultation on climate-smart agriculture (CSA) and biofuel feedstocks, RFA President and CEO Geoff Cooper endorsed the “extraordinary opportunity” for CSA to help decarbonize renewable fuels and urged federal agencies, including the Treasury Department, to embrace book-and-claim supply chain management approaches. “If 45Z and other regulations require that physical commodities […]
In Washington, Reps. Adrian Smith (R-NE) and Angie Craig (D-MN) along with Reps. Dusty Johnson (R-SD), Nikki Budzinski (D-IL), Mariannette Miller-Meeks (R-IA), and Sharice Davids (D-KS) introduced the Nationwide Consumer and Fuel Retailer Choice Act. This bipartisan, bicameral legislation would extend the Reid vapor pressure (RVP) volatility waiver to enable the year-round, nationwide sale of […]
In Washington D.C., U.S. Senator Sherrod Brown (D-OH) announced the introduction of his new bipartisan legislation to block taxpayer money from being used to subsidize biofuels produced using imported foreign feedstocks such as Chinese used cooking oil and Brazilian ethanol. The bill would also extend the 45Z Clean Fuel Production Credit. The 45Z Clean Fuel […]
In Washington, as the deadline to extend the Higher Blends Infrastructure Incentive Program (HBIIP) rapidly approaches, U.S. Senator Joni Ernst (R-Iowa) is demanding certainty for consumers, biofuel producers, and retail store owners by requesting the U.S. Department of Agriculture (USDA) keep the program operational. She partnered with Senator Amy Klobuchar (D-Minn.) and led three of […]
In Washington, the Department of Treasury and Internal Revenue Service issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit. The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property. The changes apply to qualified alternative fuel vehicle refueling property placed in service after Dec. 31, 2022, […]
In Washington, U.S. Senator Roger Marshall, M.D. introduced the bicameral and bipartisan Farmer First Fuel Incentives Act requiring the Treasury Department to restrict the eligibility of the 45Z Tax Credit to renewable fuels made only from domestically sourced feedstocks and extending the tax credit to make it a full ten-year credit. This bill is co-led with Senator […]
