| U.S. Department of Energy Releases 45ZCF-GREET | | Today, the U.S. Department of Energy released the 45ZCF-GREET model. This announcement follows the U.S. Department of the Treasury and Internal Revenue Service guidance on the Clean Fuels Production Credit (section 45Z) released on January 10, 2025. The Clean Fuels Production Credit provides a tax credit for the production of transportation fuels with life cycle greenhouse gas (GHG) emissions below certain levels. The credit applies to eligible transportation fuel produced domestically after December 31, 2024, that is sold by December 31, 2027. 45ZCF-GREET includes feedstock-specific fuel production pathways for sustainable aviation fuels (SAF) and non-SAF fuels. The model is designed specifically to evaluate life cycle GHG emissions to meet the requirements of section 45Z and to include features that make it easy to use for taxpayers. DOE also released the 45ZCF-GREET User Manual which describes how the 45ZCF-GREET model characterizes life cycle GHG emissions of transportation fuel production pathways and provides guidance for using the model to determine emissions rates for clean fuels under section 45Z. The 45ZCF-GREET model and user manual are available on the DOE GREET webpage. | | BETO supports technology research, development, and demonstration to accelerate greenhouse gas emissions reductions through the cost-effective and sustainable use of biomass and waste feedstocks across the U.S. economy. BETO is part of DOE's Office of Energy Efficiency & Renewable Energy. | | Stay up-to-date with the latest BETO news! Sign up to receive regular communications about BETO vacancy announcements, webinars, workshops, Bioprose: Bioenergy R&D Blogs, funding opportunities, and technical reports. | | | |
No comments:
Post a Comment