The Inflation Reduction Act budget reconciliation bill has passed the Senate and will now move for approval in the House. As well as extending the existing biodiesel and renewable diesel tax credit, the bill provides a higher tax credit for the production of SAF. NATSO and SIGMA have warned that this differential in the bill will make biodiesel and renewable diesel more expensive, increasing the price of goods hauled by trucks. As the Senate passed the Inflation Reduction Act budget reconciliation bill, U.S. fuel retailers warned that including higher tax credits for sustainable aviation fuel (SAF) would reduce the supply of biodiesel and renewable diesel as all those fuels compete for feedstock. The bill, which is now set to move for approval in the House, is part of the Biden Administration’s efforts to lay the foundations for reducing America’s greenhouse gas emissions, including emissions from the aviation sector. The […]