![]() ![]() Large incentives for the biofuels industry are not new - the U.S. "There will be momentum to get it extended in some way, shape or form." ETHANOL FOR AVIATION "The battle lines have really blurred politically on biofuels," Mogler told Reuters. ![]() They would be pushing for an extension for the credits, he said. New alliances were building within the energy and biofuels communities, as various players involved in the SAF, ethanol and biodiesel industries have a stake in seeing the market expand. Energy Information Administration data showed.ĭevin Mogler, a senior vice president at Green Plains Inc (GPRE.O), said he expected the tax credit would be extended past 2027. In 2022, oil refiners in the United States produced about 24.7 billion gallons of petroleum-based jet fuel, U.S. President Joe Biden's administration has challenged the industry to supply at least 3 billion gallons of SAF per year by 2030. RMI is focused on pushing federal and state policies to help support the SAF market, Fisher said. Though the IRA is a "game-changer" in supporting the SAF market, the tax credits are insufficient to make SAF competitive with traditional jet fuel, said Bryan Fisher, managing director at nonprofit RMI. "Having a policy that expires at that five-year mark really doesn't help," said LanzaJet Chief Executive Jimmy Samartzis. The credits extend to 2027, but it would take much longer to scale up production of SAF to make it competitive with cheaper petroleum-based jet fuel. Sustainable aviation fuel (SAF) is seen as key to lowering aviation carbon emissions, one of the most difficult sectors of the economy to decarbonize because fuel for aircraft cannot be easily replaced. The credits would likely help spur some production and investment, but the industry would benefit if they lasted longer, the executives said. President Joe Biden's signature Inflation Reduction Act (IRA) included major tax credits for sustainable aviation fuel (SAF) that have stoked more interest in producing the fuel. tax credits for lower-carbon aviation fuel is too short to anchor development of the nascent industry, energy executives said this week in Houston. “Creating ways to make commercial flight connections faster and easier makes sense.HOUSTON, March 9 (Reuters) - The five-year shelf life of U.S. “The city of Atlanta is one of the few places where a PS terminal will be a perfect fit, and we’re excited to work closely with Signature here and in other key cities around the world." He added that his company’s customers often fly privately and are familiar with the Signature brand. “We look forward to serving our thousands of members at the nation’s busiest airport,” said PS co-CEO Joshua Gausman. The company coordinates with government, security, and airline officials to provide privacy, security, and efficiency. ![]() PS, which already operates at Los Angeles International Airport, will occupy a Signature building at KATL adjacent to the Signature Flight Support terminal under a long-term lease.Īt that location, PS will provide its clients the opportunity to bypass the commercial terminal and enjoy luxury FBO-style amenities, including chauffeured transport to and from the aircraft door, high-end lounges and private suites, on-site TSA and customs screening, chef-prepared meals, and an extensive cocktail menu. Signature Aviation and luxury commercial aviation services provider PS have signed an agreement to bring the latter’s offerings to Atlanta Hartsfield-Jackson International Airport (KATL). ![]()
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