Reuters — U.S. Agriculture Secretary Tom Vilsack said he was confident the Treasury Department would release guidance by the end of the year that would make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies.
The Biden administration faces a strong lobbying push from stakeholders in the U.S. Farm Belt that see sustainable aviation fuel (SAF) as one of the only routes to grow the ethanol industry.
SAF producers seeking tax credits must demonstrate their fuel generates 50 percent less greenhouse gas emissions over its lifecycle than petroleum fuel.
