LINCOLN, NEB. – Progress Power, the nation’s largest biofuel commerce affiliation, celebrated laws signed right now by Governor Jim Pillen that may velocity funding in Nebraska’s manufacturing of sustainable aviation gas (SAF). Initially launched by state Sen. George Dungan and included right into a broader invoice by Sen. Eliot Bostar, this Nebraska SAF tax credit score (LB937) will present a $0.75 per gallon tax credit score for the manufacturing of aviation gas that reduces lifecycle emissions by at the very least 50 p.c, which can be calculated based mostly on the latest model of Argonne Nationwide Laboratory’s GREET mannequin.
“We applaud Governor Pillen, Senator Dungan, Senator Bostar, and all of the biofuel champions in Nebraska who labored exhausting to advance this thrilling laws,” mentioned Progress Power CEO Emily Skor. “These incentives promise to propel Nebraska right into a management place on SAF, which is the only most promising new marketplace for low-carbon biofuels. With the best incentives and the very best obtainable science, as afforded by Argonne’s GREET mannequin, this strategy guarantees to fast-track investments in low-carbon aviation that may profit our local weather, our economic system, and our rural communities.”
Be taught extra concerning the GREET mannequin right here. Be taught extra about SAF right here. A full copy of the invoice together with the Nebraska SAF credit score might be discovered right here.
