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Biofuel groups urge Treasury to issue guidance on 45Z tax credit

U.S. Treasury Secretary Janet Yellen

May 15, 2024

BY Erin Voegele

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A New Brand for a Broader Future: Reflections from the Advanced Woody Biomass Alliance

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The Louisiana House of Representatives on May 13 voted unanimously to approve a bill that aims to benefit the state’s wood pellet manufacturing industry. On the same day, the bill also reported favorably out of a Senate committee.

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Verbio on May 13 announced biomethane production expanded 8.4% during the fiscal third quarter, the three months ended March 31, with biodiesel production up 1.5%. Ethanol production fell by 18.9% during the period.

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FlyORO Technologies Pte. Ltd. and Aether Fuels on May 11 announced the signing of a non-binding MOU to jointly explore the potential development of SAF supply-chain, blending and associated activities in support of Aether's Project Beacon.

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Eni and MSC Cruises have announced the completion of a test of the use of Enilive’s HVO diesel. This test confirmed the technical feasibility of using the biofuel in its pure form in the maritime sector to power cruise ship engines.

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