SOURCE: USDA
March 6, 2019
BY USDA
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Treasury and the IRS on Jan. 10 released guidance on the 45Z clean fuels production credit, including a notice of intent to propose regulations and a notice providing the annual emission rate table for the credit.
The USDA maintained its forecast for 2024-’25 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released Jan. 10. The forecast for 2024-’25 corn production was lowered, with the outlook for prices revised up.
The Brazilian Development Bank (BNDES) on Jan. 8 announced it has approved R$1 billion ($165.48 million) in financing to support an 82 MMly (21.66 MMgy) cellulosic ethanol project under development by Raizen Energia S/A in Andradina, Sao Paulo.
The Canadian government on Jan. 7 awarded more than $11 million to seven clean fuel and alternative fuel projects, including those focused on the production of renewable diesel, sustainable aviation fuel (SAF) and other types of bioenergy.
The Missouri Agricultural and Small Business Development Authority (MASBDA) announced it has invested nearly $3.4 million in projects that increase the distribution and use of higher blends of ethanol and biodiesel in the State of Missouri.