U.S. agriculture groups waiting for the Treasury Department’s guidance on accessing the 45Z Tax Credit had mixed reactions to the announcement last Friday. Growth Energy CEO Emily Skor says the long overdue guidance is far from complete. “It still lacks critical details that are needed to help ensure that American biofuel producers and farmers can lead the world in clean fuel production,” she said. Geoff Cooper of the Renewable Fuels Association says, “The credit must allow for the inclusion of efficient farming practices, recognition of additional feedstocks and ethanol production technologies, and the ability for producers to secure their own carbon intensity values.” The National Corn Growers Association says the announcement was a “missed opportunity for growers.” Kurt Kovarik of Clean Fuels Alliance America says they look forward to working with members to evaluate the overdue guidance and forthcoming GREET model, which provides necessary carbon intensity scores for fuel producers.
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