WASHINGTON, DC – Michael McAdams, President of the Superior Biofuels Affiliation (ABFA), issued the next assertion in response to the U.S. Division of the Treasury releasing short-term steering on 45Z clear gasoline tax credit:
“The superior biofuels business is happy to lastly obtain preliminary steering on 45Z clear gasoline credit however is deeply upset by the lengthy delays which have triggered uncertainty and disrupted markets. Congress designed 45Z to propel America’s management in vitality innovation and strengthen our vitality independence, but the extended rulemaking course of has hindered funding and market stability.
“We sit up for working with the incoming Trump-Vance administration to prioritize finalizing this course of swiftly. Clear, multi-year steering is important to stabilize markets, and assist the hardworking farmers and producers who gasoline our economic system and our future.”
