The
North Dakota Senate Appropriations Committee met Tuesday to discuss Senate Bill 2333, which aims to create a low carbon fuels fund and revise ethanol incentives. State Senator Terry Wanzek spoke in support of the bill, stressing the importance of the ethanol market. “You should be highly supportive and defensive of the ethanol market because it helps us all in giving our farmers more options to generate income.” Harvestone Low Carbon Partners CEO Jeff Zueger also addressed the need for reimbursement in the industry, noting the uncertainty around the 45Q credits under the Inflation Reduction Act. “The market is dynamic, and the regulatory environment that we’re working in is also dynamic,” Zueger said. He highlighted his company’s planned $130 million investment in carbon capture and storage solutions as essential for staying competitive. The committee voted unanimously in favor of a do-pass recommendation for the bill.
