The biofuels industry is awaiting the Treasury Department’s guidance on the fuels that qualify for the Sustainable Aviation Fuel Tax Credit. Renewable Fuels Association President and CEO Geoff Cooper is focused on the methodology. “The Inflation Reduction Act established a tax credit worth as much as $1.75 per gallon so it is a very powerful incentive,” said Cooper. “We’ve been saying all along that we need to make sure the carbon modeling that is science-based and that it’s transparent.” In the battle over sustainable aviation fuel, Cooper said the biofuels industry is facing the same activists who ginned up the ‘food-versus-fuel debate.’
