Revolutionary Climate Model Paves the Way for Ethanol Producers to Soar with Sustainable Aviation Fuel Subsidies
The Biden administration is set to unveil a climate model for its sustainable aviation fuel (SAF) subsidy program on Tuesday, according to sources familiar with the matter.
This regulation will outline how ethanol producers can qualify for tax credits by incorporating climate-smart agriculture in the production of SAF. The ethanol industry sees SAF as a crucial avenue to bolster demand for its products in the face of declining gasoline consumption.
Earlier reports suggested that the model might be more restrictive than anticipated by the corn-based ethanol industry, signaling potential challenges ahead.