Fuel retailers seek 45Z support from Senate Agriculture Committee Hearing
In Virginia, ahead of Tuesday’s Senate Agriculture Committee Hearing examining the need to increase domestic production and consumption of U.S. agricultural products, fuel retailers reminded lawmakers that the transition away from the Biodiesel Blenders’ Tax Credit to the ’45Z’ Clean Fuel Production Tax Credit is stifling demand for renewable fuels made from corn and soybeans, leading to higher fuel prices for consumers.
NATSO, representing truck stops and travel centers, SIGMA: America’s Leading Fuel Marketers, and the National Association of Convenience Stores (NACS) said in a letter to the Senate Committee on Agriculture, Nutrition and Forestry that the biodiesel market has dried up since the expiration of the Biodiesel Blenders’ Tax Credit and its replacement with ’45Z.’
Category: Policy
