WASHINGTON, DC – Michael McAdams, President of the Advanced Biofuels Association (ABFA), issued the following statement in response to the U.S. Department of the Treasury releasing short-term guidance on 45Z clean fuel tax credits: 

“The advanced biofuels industry is pleased to finally receive initial guidance on 45Z clean fuel credits but is deeply disappointed by the long delays that have caused uncertainty and disrupted markets. Congress designed 45Z to propel America’s leadership in energy innovation and strengthen our energy independence, yet the prolonged rulemaking process has hindered investment and market stability. 

“We look forward to working with the incoming Trump-Vance administration to prioritize finalizing this process swiftly. Clear, multi-year guidance is essential to stabilize markets, and support the hardworking farmers and producers who fuel our economy and our future.”