Vilsack sees favorable path for ethanol jet-fuel credits

Source: By Kim Chipman, Bloomberg • Posted: Wednesday, February 21, 2024

US Secretary of Agriculture Tom Vilsack tells ethanol producers he’s pushing to ensure they can qualify for tax incentives aimed at encouraging production of more climate-friendly airplane fuel from farm crops including corn. “I’m working to make sure that as we create these incentives, they include room for climate smart agricultural practices,” he said at the Renewable Fuels Association’s annual ethanol conference in San Diego.

“I’m confident that it will happen.” Comments come as the biofuels industry awaits a Biden administration update of the Energy Department’s GREET, a model for calculating greenhouse gas emissions. Revisions expected to be unveiled by March 1 will determine how easy or tough it will be for makers of sustainable aviation fuel (SAF) from farm products to take advantage of potentially lucrative tax credits.