Biden Administration set to approve GREET model for SAF tax credits

In Washington, Reuters reports the Treasury Department is set to approve the use of the GREET model for calculating feedstock greenhouse gas emissions this week that would allow corn-based ethanol to qualify as a pathway for proposed tax breaks for Sustainable Aviation Fuel under the Inflation Reduction Act. Sources said the department is expected to update the GREET model by March 1 which could eliminate ethanol, but for now it’s going to be included. Boosting ethanol would be supportive for President Biden’s reelection campaign in the Midwest.