Clean Fuels Applauds Bipartisan, Bicameral Letter Urging Timely Rules on Production Tax Incentive

WASHINGTON, DC – Today, Clean Fuels Alliance America applauded a bipartisan, bicameral letter signed by 16 Senators and 36 Representatives, urging Treasury Secretary Janet Yellen to publish proposed rules for the §45Z Clean Fuel Production Credit and safe harbor guidance by September 1, 2024, and complete the final rulemaking no later than November 1, 2024.

“Lack of regulatory certainty is already putting thriving businesses at risk as fuel producers are unable to make important business decisions regarding their fuel,” the letter states. “Capital investment remains uncommitted, threatening certain projects and expansion plans, including the administration’s stated goals to support new markets like sustainable aviation fuel (SAF) and low-carbon transportation fuels.”

Sens. Joni Ernst (R-IA), Tammy Duckworth (D-IL), John Thune (R-SD), Amy Klobuchar (D-MN), and Reps. Brad Finstad (R-MN), Eric Sorensen (D-IL), Mariannette Miller-Meeks (R-IA), and Nikki Budzinski (D-IL) led the letter.

Kurt Kovarik, Vice President of Federal Affairs for Clean Fuels, added, “Clean Fuels applauds the bipartisan effort of Senators and Representatives to call for timely action from Treasury. Biodiesel, renewable diesel, and sustainable aviation fuel producers are already annually producing nearly 5 billion gallons of advanced biofuels that could qualify for this credit. They need policy certainty immediately to make the transition to the producer credit and maintain growth in the industry.”

Contact: Paul Winters, 202-737-8803, pwinters@cleanfuels.org

ABOUT CLEAN FUELS ALLIANCE AMERICA

Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil, and animal fats, the clean fuels industry is a proven, integral part of America’s clean energy future. Clean Fuels Alliance America is the U.S. trade association representing the entire biodiesel, renewable diesel and sustainable aviation fuel supply chain, including producers, feedstock suppliers and fuel distributors. Clean Fuels receives funding from a broad mix of private companies and associations, including the United Soybean Board and state checkoff organizations.