November 8, 2021
BY Southern California Gas Co.
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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.
Hydron Energy on April 27 announced the launch of its breakthrough RNG platform project at the Bailey Landfill in Chilliwack, British Columbia, marking a significant milestone in the advancement of cost-effective RNG production.
The government of Queensland, Australia, has announced it will invest $25 million to support a project that will enable renewable diesel production at Ampol’s Lytton oil refinery. The project could expand in the future to include SAF production.
OPAL Fuels announced that it has entered into a master agreement establishing a framework to monetize $100 million of Section 45Z Clean Fuel Production Tax Credits over the next several years. The first closing is anticipated to take place in Q2.