Sustainable aviation fuel (SAF) offers a significant opportunity for growth in the biofuel sector and a new revenue stream for farmers, but realizing that potential will depend on the establishment of favorable policies and adequate incentives, according to a report released by CoBank’s Knowledge Exchange on Oct. 25.
The report, titled “Charting the Path Forward for SAF,” indicates the federal government’s goal of producing 3 billion gallons of SAF by 2030 is within reach, but additional government and market incentives will be required to encourage expansion. Upcoming guidance for the 45Z clean fuels production credit, the outcome of the 2024 election, and other factors will all impact development of the SAF industry, CoBank said in the report.