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US farm, biofuel leaders seek certainty on SAF

SOURCE: Growth Energy

March 21, 2024

BY Growth Energy and Renewable Fuels Association

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Nebraska governor signs bill creating SAF tax credit

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Nebraska Gov. Jim Pillen on April 24 signed a legislative package that includes a tax credit to support the production of SAF within the state. The tax credit applies to eligible SAF that achieves at least a 50% GHG emissions reduction.

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A coalition of 36 biofuel producers, ag groups, airlines and other SAF stakeholders on April 24 sent a letter to Agriculture Committee leaders in the House and Senate urging them to provide support for SAF in the upcoming Farm Bill.

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Honeywell on April 24 announced its hydrocracking technology can be used to produce sustainable aviation fuel (SAF) from biomass, helping to make SAF that is 90% less carbon intensive than traditional fossil-based jet fuels.

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