ASA & NOPA Welcome Bipartisan Bill to Boost Domestic Energy
The American Soybean Association and the National Oilseed Processors Association last week hailed the introduction of bipartisan, bicameral legislation to support renewable fuels produced from domestically sourced feedstocks.
The Farmer First Fuel Incentives Act, would restrict eligibility for the Section 45Z Clean Fuel Production Tax Credit to fuels produced from domestic feedstocks and make 45Z a 10-year credit by extending it to 2034. ASA President Josh Gackle said that biofuel production paves a key path for the country to be a clean energy leader, and U.S. farmers who grow the crops going into those biofuels take pride in helping reduce greenhouse gas emissions while supporting the U.S. economy and energy independence. Imported waste feedstocks are assigned lower carbon intensity scores and benefit from minimal oversight and testing. Without this legislation, biofuel producers will have added incentive to buy imported feedstocks over U.S. soybean oil.
Click Here to read the proposed legislation.
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