
Sen. Sherrod Brown, D-Ohio
February 28, 2024
BY Erin Voegele
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Sen. Jerry Moran, R-Kan., on Feb. 2 introduced the bipartisan Securing America’s Fuels (SAF) Act. The bill aims to reinstate the 45Z clean fuel production credit premium for sustainable aviation fuel (SAF) and extend the 45Z credit through 2033.
The U.S. Department of Treasury and IRS on Feb. 3 released proposed regulations for the 45Z clean fuel production tax credit, as updated by the One Big Beautiful Bill in mid-2025. A public comment period is scheduled to be open for 60 days.
Valero Energy Corp. on Jan. 29 released fourth quarter 2025 financial results, reporting a profitable three-month period for its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.
Arva on Jan. 27 announced the expansion of its biofuels offering to support biofuel producers as they operationalize the 45Z Clean Fuel Production Credit.
SAF producer XCF Global Inc. and DevvStream Corp., a caron management and environmental asset monetization firm, on Jan. 26 announced that they have agreed to a binding term sheet to combine Southern Energy Renewables Inc. in a three-party merger.