Biofuel Makers on Tenterhooks as US Readies Jet Fuel Tax Policy

December 12, 2023, 9:32 PM UTC

The Biden administration as early as Friday will release high-stakes policy guidance that will help determine the economic viability of producing lower-emitting jet fuel from US corn and other crops.

The long-awaited guidance from the US Treasury Department is expected to help companies determine how and if they might qualify for tax credits tied to the production of sustainable aviation fuel, or SAF. Yet key details aren’t expected to be revealed until next spring, according to people familiar with the matter.

Treasury spokespeople didn’t immediately respond to a request for comment.

“There is definitely anxiety out there caused by this ...

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