Farm practices will open the door to SAF tax credits, for some
Sustainable aviation fuels will qualify automatically for tax credits of up to $1.25 a gallon if they are derived from corn and soybeans grown under a specific set of carbon-reducing practices, said the Biden administration on Tuesday. Farm groups and biofuel producers grumbled at the restrictions — a fraction of U.S. biofuels would be eligible at present — and said they would seek better terms in the long-term regulations now under consideration.
Less corn land is needed than soy to satisfy SAF goal
Soybean plantings would have to increase nearly 50 percent if soybean oil became the only feedstock for sustainable aviation fuel (SAF), said two analysts from UC-Davis. With its higher yields per acre, corn ethanol as the sole feedstock would result in an increase in area of around 9 percent.
Ethanol for aviation will get tax credits, Vilsack assures industry
Ethanol will be included when the Biden administration spells out eligibility for lucrative tax credits for sustainable aviation fuel (SAF), and the incentives will reflect the impact of climate-smart farming practices, Agriculture Secretary Tom Vilsack told ethanol makers on Tuesday. "We're working very hard to make that happen, and I'm confident that it will happen."