Groups representing fuel retailers across America expressed serious concerns with the Section 45Z Clean Fuel Production Credit.
The associations say that 45Z is a giant step backward for American biofuel policy.
NATSO, representing truck stops and travel plazas, SIGMA, America’s leading fuel marketers, and the National Association of Convenience Stores are urging Congress and the Administration to support simpler biofuel policies that would quickly reinvigorate biodiesel consumption and higher ethanol blends while enhancing the economy and energy market security.
“The transition away from the Biodiesel Tax Credit to the 45Z production credit instituted a catastrophic decline in biofuels consumption that hurts the economy,” said NACS Deputy General Counsel Matt Durand.
“Congress can fix it by bringing back the Biodiesel Tax Credit, which has a proven track record of delivering lower prices to consumers while benefiting farmers and biofuel producers.”
