May 29, 2025
BY Erin Voegele
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The California Senate Budget and Fiscal Review Committee’s Subcommittee 2 on Resources, Environmental Protection and Energy on April 9 heard testimony focused on California. Gov. Gavin Newsom’s proposed SAF tax credit.
The USDA is formally rescinding a notice of funding opportunity issued in October 2024 for FY 2025, 2026 and 2027 Rural Energy for America Program funding. Any applicant without a fully executed financial assistance agreement will have to reapply.
A new independent study commissioned by NATSO, SIGMA and NACS finds that the 40A Biodiesel Blenders' Tax Credit delivers significantly more value across the biofuel supply chain than its replacement, the 45Z Clean Fuel Production Credit.
Reps. Michelle Fischbach, R-Minn., and Nikki Budzinski, D-Ill., on March 27 introduced the Biobased Materials Investment and Production Act, which aims to create tax incentives to support the production of biobased chemicals and materials.
The USDA maintained its forecast for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released April 9. The estimated season-average price for soybean oil was revised up.