WASHINGTON, D.C. – Today, Growth Energy CEO Emily Skor thanked President Biden for signing the Inflation Reduction Act into law. This initiative includes key provisions designed to expand the use of low-carbon biofuels, including infrastructure investments and tax credits for Sustainable Aviation Fuel (SAF), carbon capture, cellulosic biofuels, and bio-based diesel.
“We applaud President Biden and Congressional leaders for advancing our nation’s investment in low-carbon biofuels for a cleaner future,” said Skor. “Biofuels are critical to meeting climate goals, and this law will help maximize our industry’s contributions to a cleaner future by expanding the volume of low-carbon biofuels available across the entire transportation sector – on the ground, in the air, and at sea. This initiative will help jump-start climate progress, while delivering more savings at the pump, greater long-term energy security, and a welcome economic boon to rural communities.“
Included in the Inflation Reduction Act are several key priorities for the biofuels industry:
Agri-Pulse Newsmakers: March 24, 2023: @RepAshleyHinson @GrowthEnergy Joe Kakesh @ASA_Soybeans Alexa Combelic on WOTUS, biofuels and farm bill spending Full video here https://t.co/qxMFBVjCdu https://t.co/voTxqZ1j5Q
[email protected] awarded member Kelly Nieuwenhuis with its highest honor, America’s Fuel Award, at its 14th annual Executive Leadership Conference. https://t.co/JHaHMTJWbT
Wondering how the Inflation Reduction Act will affect #ethanol producers? Watch John Fuher from @GrowthEnergy explain in 6 minutes. https://t.co/ZPK3TVdWwt #ira #inflationreductionact
Growth Energy's General Counsel Joe Kakesh discussed year-round E15 and the need for an emergency waiver, as well as other policy priorities on @agripulse yesterday. Tune in! agri-pulse.com/media/videos/p…