ABFA STATEMENT ON 45Z CREDIT IN SENATE RECONCILIATION BILL LANGUAGE

WASHINGTON, DC - Michael McAdams, President of the Advanced Biofuels Association (ABFA), issued the following statement on the release of the Senate Finance Committee's budget reconciliation language:

"By including provisions to bolster the U.S. biofuels industry, the Senate Finance Committee has laid a robust foundation to achieve our shared goal of American energy dominance. The ABFA commends Chairman Crapo and committee members for their tailored approach to biofuels policy, exemplified by the extension of 45Z tax credits through 2031 and pathways that support the broad suite of feedstocks and fuels necessary to achieve our country's domestic energy ambitions.

"We recognize, however, that there are opportunities to improve upon the Senate Finance Committee's strong starting position. We encourage Senate decisionmakers to continue engaging with biofuel sector stakeholders and look forward to advancing the President's energy agenda alongside our partners on Capitol Hill."