U.S. Treasury releases incomplete guidelines for clean fuel tax credits, frustrating biofuel producers.

The U.S. Treasury has released partial guidance on clean fuel tax credits under the Inflation Reduction Act, providing some details on emissions criteria but leaving out key rules, particularly for ethanol producers. This has caused frustration among biofuel makers who are awaiting clearer guidelines. The full implementation of the program, aimed at promoting cleaner fuels, is still pending, with crucial climate models expected shortly. Despite the partial guidance, the industry hopes for clearer rules to support growth in biofuels.

2 months ago
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