Renewable fuel groups are bending the ear of lawmakers, urging them to take action on IRA tax credits that expired at the end of last year.
The RFA’s Geoff Cooper says it could be a while before the industry gets solid answers around 45Z.
”...That’s why, in the meantime, RFA believes Congress should strongly consider reinstating the suite of biofuel tax incentives that expired in December, including the second generation biofuel producer tax credit.”
Cooper says he is optimistic for the year ahead, adding the ethanol industry added $50 billion to the GDP last year, with more than $25 billion in income.
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“That supply-demand scenario is really what’s holding things strong.”
His department will be using a synthetic bait called “Swormlure Five,” which is engineered to smell like an open wound, attracting Screwworm flies to the bait
“We see the opportunity of streamlining the program.”
NCGA estimates that without pesticide use, crop yields could decline by at least 70%.
