The CEO of the Renewable Fuels Association says the U.S. ethanol industry is getting closer to having greater access to the sustainable aviation fuel market.
Geoff Cooper tells Brownfield the Internal Revenue Service is expected to issue additional guidance on federal tax credits from the Inflation Reduction Act soon, which would incentivize the use of cleaner burning fuels like ethanol.
“If we had 50% of the current jet fuel demand, we’re talking about 12.5 billion gallons, it actually takes more than 1 gallon of ethanol to make 1 gallon of SAF.
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