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IRS publishes proposed regulations for updated Section 25 tax credit

November 18, 2024

BY Erin Voegele

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Washington state’s SAF tax credit enters into force

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By Erin Krueger

3 hours ago

Sustainable Aviation Fuels Business Policy 

Washington Gov. Bob Ferguson on Nov. 6 announced the state’s sustainable aviation fuel (SAF) industry has reached the 20 MMgy capacity threshold needed to unlock the SAF tax credit established by state lawmakers in 2023.

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Gevo Inc. released third quarter results on Nov. 10, reporting record-high revenue and net income. During an earnings call, company officials provided an update on plans to expand ethanol production capacity in North Dakota.

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The U.S. EIA reduced its forecast for 2027 renewable diesel production in its latest Short-Term Energy Outlook, released Nov. 10. The 2027 production forecasts for biodiesel and other biofuels, including SAF, were unchanged.

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Renewables are expected to account for nearly 26% of U.S. electricity generation this year, expanding to nearly 28% in 2027, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Nov. 10.

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Equisera on Nov. announced that it is working with VertomCory, the global maritime services group, to explore bio-methanol supply for the shipping sector, with a focus on making low-carbon marine fuel in Britain from U.K. biogenic waste.

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