Will SAF market be grounded or cleared for take-off? Tax credit rules could hold answer
Description
A bipartisan group of senators recently wrote the Treasury Department to push for the use of the most accurate and up-to-date lifecycle greenhouse gas emissions analysis as the department fine-tunes the methodology for calculating new tax credits for sustainable aviation fuel.
John Fuher, vice president of government affairs for the ethanol group Growth Energy, joined the podcast to discuss how implementation of the SAF tax credit is faring and challenges that could impede progress towards meeting the ambitious SAF production targets set by the Biden administration, including concerns that outdated modeling could shortchange the effectiveness of SAF incentives. He also touched on the impact new biofuel blending requirements issued by the Environmental Protection Agency and broader geopolitics are having on the outlook for this low-carbon fuel.
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Nigeria's Dangote refinery, built at a cost of $20 billion and is Africa's largest, has started exporting naphtha to North Asian markets at a time when the clean tanker market is witnessing prolonged firmness. The naphtha flow from Dangote is adding to the ton-mile demand in the clean tanker...
Published 05/24/24
Economic power-house China has set out 10 targets for 2024, which is pro-growth for oil demand, keen on energy security, and prioritizing accelerated industry modernization and development of new productive forces.
In this episode of Platts Oil Markets podcast, Managing Editor for refined oil...
Published 03/15/24