SOURCE: U.S. Grains Council
October 10, 2022
BY U.S. Grains Council
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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.
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.
Valkyrie Analytics Inc., an analytics company specializing in real-time monitoring and optimization of anaerobic digesters, has received a $3 million seed stage investment. The milestone allows Valkyrie to re-launch as Nirova LLC.
XCF Global Inc. on April 9 announced that the conversion of its New Rise Renewables Reno plant remains on schedule. The company currently expects the SAF facility could begin commissioning in early June.
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.