The Treasury Department has issued guidance regarding the implementation of sustainable aviation fuel tax credit. Renewable Fuels Association President and CEO Geoff Cooper says this has been a long time coming. “The industry’s been waiting on this guidance for a long time now,” said Geof Cooper, president/CEO, Renewable Fuels Association. “Just to remind folks, the tax credit is available to producers of sustainable aviation fuel that can demonstrate that the fuel they’re producing reduces greenhouse gas emissions by 50 percent or more compared to petroleum-based jet fuel.” The corn and ethanol industries are pleased the Energy Department’s GREET model will be among the methodologies used to determine eligibility for the tax credit.
