A Wisconsin Senator says the newly-signed Inflation Reduction Act will help America’s biofuel producers.
Tammy Baldwin tells Brownfield some tax incentive provisions from the Defend the Blend Act were moved to the Inflation Reduction Act signed by President Biden Tuesday. “(There are) tax incentives for biodiesel and renewable diesel and ethanol. Also, there’s some focus on renewable aviation fuels. That’s a smaller piece but it’s also important. And, also biofuel infrastructure investments.”
Baldwin says the biofuel infrastructure investments are important because many fueling stations don’t have the ability to sell biodiesel blends and higher ethanol blends.
