Superior Biofuels Affiliation Calls For Rapid 45Z Steering And Extension Of Blender Credit To Safe The Superior Biofuel Trade’s Future
WASHINGTON, DC – Michael McAdams, President of the Superior Biofuels Affiliation (ABFA), launched the next assertion addressing reviews concerning the Biden administration’s plans to situation steerage on the clear gasoline manufacturing tax credit score:
With solely 29 days remaining earlier than the clear gasoline manufacturing tax credit score is meant to take impact, the Superior Biofuels Affiliation (ABFA) urges the Biden administration to instantly situation the steerage needed for the business to say the credit score. As well as, we name on Congress to increase current blender credit to mitigate the uncertainty attributable to these vital delays. An extension is crucial to making sure a clean transition, enabling long-term investments, and maximizing the credit score’s affect.
Tax credit are solely efficient when they’re constant, well timed, and well-communicated. The extended lack of readability has stalled very important investments and disrupted planning – hindering the flexibility to realize nationwide vitality objectives like producing 3 billion gallons of Sustainable Aviation Gasoline (SAF) by 2030.
ABFA’s members are prepared to steer in delivering sustainable vitality options, however federal motion is urgently wanted. Congress and the administration should lengthen blender credit and supply the fast steerage required to unlock the 45Z credit score for 2025.
READ the most recent information shaping the biofuels market at Biofuels Central
Superior Biofuels Affiliation Calls For Rapid 45Z Steering And Extension Of Blender Credit To Safe The Superior Biofuel Trade’s Future, supply
