ASA Appreciates SAF Feedstock Eligibility Inclusion--but Concerned Strict New Pathway Prohibitive for Northern Soy States
May 01, 2024
May 01, 2024
ST. LOUIS, Missouri, May 1 -- The American Soybean Association issued the following news release:
The Department of Treasury first recognized soy as an eligible sustainable aviation fuel (SAF) feedstock in initial guidance last December through a Renewable Fuel Standard pathway. Now, additional guidance from Treasury goes a step further to sweeten the value for soy. It provides a second pathway for soybean oil-based SAF to qualify for the SAF tax credit (40B) and assigns the feedsto . . .
The Department of Treasury first recognized soy as an eligible sustainable aviation fuel (SAF) feedstock in initial guidance last December through a Renewable Fuel Standard pathway. Now, additional guidance from Treasury goes a step further to sweeten the value for soy. It provides a second pathway for soybean oil-based SAF to qualify for the SAF tax credit (40B) and assigns the feedsto . . .