production

IRS Announces Inflation Adjustment Factor For 2025 Clean Fuel Production Tax Credit

Ag News, Biofuels News / By

The IRS on July 21 published a notice announcing the 2025 calendar-year inflation adjustment factor for the Section 45Z clen fuel production credit. The resulting adjustment boosts maximum the value of the credit by approximately 6%.  The law establishing the 45Z credit includes language implementing an inflation adjustment for years beginning after 2024. The value

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Clean Fuels Study Shows Industry Contributes $42.4 Billion to U.S. Economy

Biofuels News / By

A new study commissioned by Clean Fuels Alliance America shows the U.S. biomass-based diesel industry generated $42.4 billion in economic activity in 2024, supported 107,400 jobs and paid $6 billion in annual wages. The study, “Economic Impact of Biodiesel on the U.S. Economy 2024,” was conducted by GlobalData using actual 2024 data, including 5 billion gallons of

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