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Schneider introduces bill to extend 45Z clean fuel production credit through 2037

Rep. Brad Schneider, D-Ill.

October 23, 2024

BY Erin Voegele

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New study shows EPA ‘half RIN’ proposal would keep US soybean demand strong

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By American Soybean Association

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A new economic analysis finds that EPA’s proposal to assign 50% of the RIN credits to imported biofuels and biofuels made from imported feedstocks compared to domestic would strengthen domestic soybean markets.

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The U.S. Court of Appeals for the D.C. Circuit on Dec. 8 ordered the U.S. EPA to provide an update regarding the current status of its proposal to set 2026 RFS RVOs. The update must be filed with the court within seven days.

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Reps. Sharice Davids, D-Kan.; Mike Flood, R-Neb.; Troy Carter, D-La.; and Tracey Mann, R-Kan., on Dec. 9 introduced legislation that aims to reinstate the 45Z clean fuel production credit premium for SAF and extend the 45Z credit through 2033.

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The USDA on Dec. 8 announced it will make $12 billion available in one time bridge payments to U.S. farmers in response to temporary trade market disruptions and increased production costs. The payments are expected to be released by Feb. 28, 2026.

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XCF Global Inc. on Dec. 5 announced it has completed initial site work at New Rise Reno 2, including grading of the 10-acre parcel and construction of new access roads. The expansion project will boost SAF capacity to approximately 80 MMgy.

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