In Washington, Reuters reports the Treasury Department is set to approve the use of the GREET model for calculating feedstock greenhouse gas emissions this week that would allow corn-based ethanol to qualify as a pathway for proposed tax breaks for Sustainable Aviation Fuel under the Inflation Reduction Act. Sources said the department is expected to update the GREET model by March 1 which could eliminate ethanol, but for now it’s going to be included. Boosting ethanol would be supportive for President Biden’s reelection campaign in the Midwest.
