May 24, 2024
BY Kansas Corn Growers Association
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Summit Carbon Solutions LLC on June 25 achieved a major milestone with the Iowa Utilities Board’s approval of its baseline CO2 pipeline project. Several conditions must be met before Summit is issued a permit and construction can begin.
Clean Fuels Alliance America on June 25 filed a formal petition asking the U.S. EPA to reconsider RFS volumes for 2024 and 2025. The agency set biomass-based diesel and overall advanced volumes significantly below actual production of the fuels.
The U.S. EPA released updated RIN data on June 20, reporting that nearly 2.01 billion RINs were generated under the RFS during May, down from 2.11 billion generated during the same period of last year.
The U.S. EPA released updated small refinery exemption (SRE) data on June 20, reporting that one new SRE petition has been filed under the RFS in the past month. A total of 39 SRE petitions are now pending.
Treasury and the IRS on June 18 released final rules implementing the wage and apprenticeship standard provisions of clean energy tax credits created by the IRA, including the 45Z clean fuels production tax credit.