Clean Fuels to President Trump: Finalize the RFS to Boost America’s Energy Security
U.S. biomass-based diesel production is the best way to quickly ramp up supply and tame rising fuel costs.
U.S. biomass-based diesel production is the best way to quickly ramp up supply and tame rising fuel costs.
We greatly appreciate Treasury for moving forward with formal rules for the 45Z Clean Fuel Production Credit. The agency responded to many taxpayer concerns and resolved some uncertainties from the guidance issued a year ago.
We are hopeful that the administration is close to finalizing long-overdue regulatory rules. The delays and market uncertainty have taken a toll on our industry, undercutting fuel production and the value added to agriculture.
Biomass-based diesel production is idling at the start of this year, because the annual volumes are not in place, the letter points out. The slowdown in production will impact the crop prices soybean farmers receive and undermine significant U.S. investments in oilseed processing and fuel production capacity.
Clean Fuels calls on EPA to keep its commitment to farmers and clean fuel producers and fully reallocate all exemptions granted so far or expected in coming years.