An area that President-elect Trump will have to navigate is E15. A year-round plan was left on the table last month, and the Renewable Fuels Association says it is hopeful that Trump will take action.
December’s stopgap spending plan left out a provision for year-round sales of E15. It was discouraging to some, but others are hopeful it will be tackled by the incoming Administration. RFA has been watching closely and says some in Trump’s circle are trying to convince him to keep 45Z and other biofuel credits.
“People in his orbit are pointing some of these things out to him, and we’re hopeful and expecting that the Trump Administration would not just throw the whole IRA out the window and claw back any unspent funding and that they would take a more surgical and more discerning approach to the program,” said RFA’s Geoff Cooper.
Cooper says this is even more reason for the Treasury to finalize the 45Z rules sooner rather than later.
