Biden Administration Boosts Corn Ethanol's Role in Sustainable Aviation Fuel
New tax credits aim to increase U.S. production of green jet fuel, leveraging corn-based ethanol amid rising electric vehicle adoption.
- The Biden administration's new guidelines for sustainable aviation fuel (SAF) include significant tax credits for corn ethanol producers.
- Environmentalists express concerns over the sustainability of corn-based biofuels, fearing increased land conversion emissions.
- The tax incentives are designed to encourage 'climate-smart' agricultural practices and carbon capture technology.
- Experts predict a shift in ethanol demand from road transport to aviation, potentially making the U.S. a major SAF supplier.
- The success of these policies may hinge on future U.S. presidential elections, impacting the pace of electric vehicle integration and ethanol demand.