Biden's Ethanol Boost: New Guidance on Sustainable Jet Fuels and Tax Credits

The Biden administration is expected to recognize the Department of Energy's GREET model, favored by the ethanol industry, in guidance for claiming tax credits for sustainable aviation fuel (SAF). This move is seen as a win for the ethanol industry and the U.S. Corn Belt, a crucial constituency for Biden's re-election bid. However, the administration is also expected to update the GREET methodology by March 1, potentially tightening requirements around SAF feedstocks. Ethanol groups and environmentalists have been at odds over feedstock standards. The Treasury Department and the White House have not commented on the matter.