Reported 6 months ago
A new pilot program under President Joe Biden's administration will restrict the eligibility of ethanol for U.S. sustainable aviation fuel (SAF) subsidies, potentially impacting the biofuel industry's growth and hindering the goal of producing 3 billion gallons of SAF by 2030. The program requires ethanol producers to meet strict climate-friendly farming practices to qualify for a $1.25/gallon production tax credit, with concerns raised about the limited number of farmers currently meeting the requirements and the overall impact on biofuel production.
Source: YAHOO