LINCOLN, NEB. – Growth Energy, the nation’s largest biofuel trade association, celebrated legislation signed today by Governor Jim Pillen that will speed investment in Nebraska’s production of sustainable aviation fuel (SAF). Originally introduced by state Sen. George Dungan and incorporated into a broader bill by Sen. Eliot Bostar, this Nebraska SAF tax credit (LB937) will provide a $0.75 per gallon tax credit for the production of aviation fuel that reduces lifecycle emissions by at least 50 percent, which may be calculated based on the most recent version of Argonne National Laboratory’s GREET model.
“We applaud Governor Pillen, Senator Dungan, Senator Bostar, and all the biofuel champions in Nebraska who worked hard to advance this exciting legislation,” said Growth Energy CEO Emily Skor. “These incentives promise to propel Nebraska into a leadership position on SAF, which is the single most promising new market for low-carbon biofuels. With the right incentives and the best available science, as afforded by Argonne’s GREET model, this approach promises to fast-track investments in low-carbon aviation that will benefit our climate, our economy, and our rural communities.”
Learn more about the GREET model here. Learn more about SAF here. A full copy of the bill including the Nebraska SAF credit can be found here.