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New IRS Guidance for Sustainable Aviation Fuel

Published December 18, 2023

The Treasury Department will use the so-called GREET model as it allocates tax credits for sustainable aviation fuel. This is the first step in the process and has the potential to be big news for renewable fuels made from soybeans and corn. Under the current guidance, sustainable aviation fuel made from corn-based ethanol is not eligible for the tax incentive. However. The adoption of the GREET model is considered a positive move by ag groups and the biofuels industry.