May 26, 2022
BY U.S. Grains Council
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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
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.
Evonik on April 27 announced it has signed a large-scale agreement to supply its SEPURAN Green membranes and patented technology to MTC Orec Sdn Bhd (MTCO), a Malaysia-based designer and builder of biogas upgrading plants.
BASF and Nutrien Ltd. have announced a collaboration that aims to make it easier for farmers to participate in low-CI biofuel programs, including those supported under the 45Z clean fuel production credit.
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.