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Biden Admin Introduces Tax Credits for Sustainable Ethanol-Based Jet Fuel

Apr 30, 2024, 09:50 PM

The Biden administration has introduced a new subsidy program for sustainable aviation fuel (SAF), allowing producers to use corn-based ethanol as a feedstock. This initiative, announced on Tuesday, includes guidance from the US Treasury Department on tax credit eligibility, emphasizing the use of climate-smart agricultural (CSA) practices. Refineries along the Texas Gulf Coast can now claim tax credits for producing jet fuel from ethanol, cooking oil, and other renewable sources. This move is part of a broader effort to reduce greenhouse gas emissions by promoting the production of sustainable jet fuel.