Today, Clean Fuels delivered a letter to President Donald Trump documenting growing evidence that U.S. biodiesel and renewable diesel producers are increasing production and generating huge economic benefits for America’s rural communities and farmers in response to the rule.
Biodiesel, renewable diesel, and SAF producers are grateful that Congress adopted beneficial changes to the 45Z credit last July through the One Big Beautiful Bill. They now have certainty that those changes can be claimed for their current tax year.
“We are awaiting publication of the modified 45ZCF-GREET model. We would also appreciate additional guidance as to how to apply the credit to fuel produced prior to publication of the proposed rule and further clarity on the Prevailing Wage and Apprenticeship requirements as they relate directly to 45Z.”
Clean Fuels expressed appreciation for Treasury’s responsiveness to industry input on the 45Z Tax Credit and urged additional certainty with timely final rules.
U.S. biodiesel, renewable diesel, and SAF producers are eager to get to work and bring the 7 billion gallons of existing production capacity up to speed to meet 10% or more of America’s demand for diesel fuel.