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Vilsack provides update on USDA’s 45Z work, comments on foreign feedstock issue

Agriculture Secretary Tom Vilsack

September 10, 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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Bunge and GDM on Nov. 10 announced a strategic joint venture, Enerseed, to develop high-quality, novel oilseeds as feedstocks for biofuels. The JV will focus on developing a portfolio of promising, non-traditional oilseeds.

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Alabama Gov. Kay Ivey and Louisiana Gov. Jeff Landry on Nov. 9 submitted a petition to U.S. EPA Administrator Lee Zeldin seeking a partial waiver of the compliance year 2027 Renewable Fuel Standard renewable volume obligations (RVOs).

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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Nov. 10. The estimate for 2025-’26 soybean oil use in biofuel production was revised up.

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The USDA raised its forecast for 2026 soybean production in its latest Crop Production report, released Nov. 10. The agency now predicts soybean production for beans will reach a record-high 4.57 billion bushels.

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