Yellen Is Urged to Unveil Biofuel Tax Guidance by Sept. 1 (1)

US Treasury Secretary Janet Yellen is facing calls from the green diesel and jet fuel lobby to issue so-called 45Z clean fuel tax credit guidance, including safe harbors, within the next few days.

• Clean Fuels Alliance America is asking for the proposed rules and safe harbor guidance to be issued by Sept. 1 and a final rule-making by Nov. 1
  • NOTE: The 45Z credit is part of the Inflation Reduction Act and meant to encourage production of low-emitting fuels
• “US biodiesel, renewable diesel, and sustainable aviation fuel producers are facing difficulties finalizing feedstock contracts, securing capital flows, and meeting project ...