Bipartisan senators calls on Treasury Dept. fo finalize 45Z Clean Fuel Production Credit

In Washington, U.S. Senator Joni Ernst (R-Iowa) led a bipartisan, bicameral group of 51 of her colleagues in urging the U.S. Department of the Treasury to issue timely guidance on the 45Z Clean Fuel Production Credit to give farmers, blenders, retailers, and fuel users certainty and the time needed to make additional clean fuel projects a reality.

The 45Z Clean Fuel Production Credit consolidates and replaces several fuel-related credits currently scheduled to expire at the end of the year. While 45Z was written to increase the domestic production of clean, homegrown biofuels, guidance is still needed from the Treasury on how farmers and renewable fuel producers can participate in this new market.