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Nebraska governor signs bill creating SAF tax credit

Nebraska Gov. Jim Pillen

April 25, 2024

BY Erin Voegele

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Neste reports strong renewable products margins for Q1

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By Erin Krueger

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Neste Corp.’s renewable products segment experienced a significant increase in earnings during the first quarter of 2026 despite lower production volumes. The increase is attributed to stronger term sales premiums and surging fossil fuel prices.

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Valero Energy Corp. on April 30 released first quarter financial results, reporting a profitable three-month period for both its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.

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The House on April 30 passed the 2026 Farm Bill by a vote of 224 to 200. The bill includes several bioenergy provisions but does not include language enabling year-round E15 sales. A vote on a stand-alone E15 bill is expected May 13.

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On April 29, the USDA announced an expanded partnership with the Export-Import Bank of the United States (EXIM) to increase domestic agricultural production and exports, while reducing the agricultural trade deficit. Alongside

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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.

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