Clean fuel producers have more certainty heading into the current tax year following an updated federal model tied to the 45Z Clean Fuel Production Credit. Clean Fuels Alliance America welcomed the Department of Energy's release of the latest 45ZCF-GREET model, which reflects changes approved by Congress last July. The updates remove indirect land use change penalties and limit eligibility to fuels made from feedstocks sourced in the United States, Canada, and Mexico. The revised model allows biodiesel, renewable diesel, and sustainable aviation fuel producers to accurately calculate tax credits available for fuel produced this year. Kurt Kovarik, Vice President of Federal Affairs for Clean Fuels Alliance America, says the update provides needed certainty for the industry. "We appreciate this timely update,” Kovarik said. “This increased certainty will help our industry achieve the administration's goals of generating more domestic energy and creating new domestic market opportunities for farmers."
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