Fuel retailers slam Treasury Department’s 45Z guidance

In Washington, NATSO, representing truck stops and travel plazas, SIGMA: America’s Leading Fuel Marketers, and the National Association of Convenience Stores (NACS) expressed serious concern with the “Section 45Z” Clean Fuel Production Credit.

The U.S. Treasury Department was tasked with writing guidelines that would create a viable regulatory framework for ’45Z’ and bolster the flailing U.S. biofuels market. But years of regulatory reviews, public comments, copious stakeholder input, and Congressional reevaluation, can’t alter the fact that ’45Z’ is a giant step backward for American biofuel policy. NACS, NATSO, and SIGMA, which represent 90 percent of retail fuel sales, urge Congress and the Administration to support simpler biofuel policies that would quickly reinvigorate biodiesel consumption and higher ethanol blends while enhancing the economy and energy market security.