WASHINGTON, D.C. (Reuters) — U.S. agriculture secretary Tom Vilsack says he is confident that a clean fuels tax credit program set to take effect in 2025 will be finalized by the end of U.S. president Joe Biden’s administration in January.
“I’m confident that we’re going to get ’er done,” Vilsack said at a summit in Washington, D.C., hosted by the biofuel trade group Growth Energy.
The program would provide credits for the production of lower-emission transportation fuels, including sustainable aviation fuel.
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An April guidance for an SAF tax credit disappointed ethanol producers because it required corn farmers to bundle a set of climate-friendly farming practices, meaning little to no ethanol would qualify.
The U.S. Department of Agriculture is hoping to make more feedstocks and individual farming practices eligible for the credit, Vilsack said.
