July 15, 2022
BY Erin Krueger
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Kentucky Gov. Andy Beshear on April 27 signed legislation that creates a tiered tax credit for SAF that allows taxpayers to claim up to $3 per gallon in incentives. The credit is slated to be in effect from Jan. 1, 2029, through the end of 2034.
Evonik on April 27 announced it has signed a large-scale agreement to supply its SEPURAN Green membranes and patented technology to MTC Orec Sdn Bhd (MTCO), a Malaysia-based designer and builder of biogas upgrading plants.
BASF and Nutrien Ltd. have announced a collaboration that aims to make it easier for farmers to participate in low-CI biofuel programs, including those supported under the 45Z clean fuel production credit.
Rep. Mike Carey, R-Iowa, has introduced the Strengthening Economic and Energy Development Act, a bill that aims to reinstate the $1 per gallon 40A biodiesel tax credit through 2029. Taxpayers could claim either the 40A credit or the 45Z credit.
Roeslein Renewables announced its support for a new national push to secure a central role for American made biofuels in the future of global maritime shipping, following the company’s decision to sign onto a joint letter organized by the ABMI.