Group 1 - Montana Renewables, LLC has received approval for its Excise Tax Registration from the IRS, enabling it to claim clean fuel Production Tax Credits (PTC) under Internal Revenue Code Section 45Z for production from December 31, 2024, to January 1, 2028 [1] - The Section 45Z PTC replaces the previous Blenders Tax Credit, providing a transferable federal income tax credit for clean fuels [1][2] - Montana Renewables operates a U.S. qualified production facility and is recognized as a producer of clean transportation fuel and sustainable aviation fuel (SAF) [1][3] Group 2 - The transition from the Blenders Tax Credit to the Producers Tax Credit is expected to support domestic agriculture and incentivize cash crops in Montana, such as camelina [2] - Montana Renewables is the largest SAF producer in North America as of 2024, focusing on sustainable fuels and contributing to a greener future [3] - The company utilizes low-carbon feedstocks and agricultural byproducts, including tallow and used cooking oil, to produce renewable transportation fuels with lower emissions compared to conventional fossil fuels [3] Group 3 - Sustainable Aviation Fuel (SAF) is designed to reduce the aviation industry's carbon footprint and is compatible with existing aviation fueling infrastructure and aircraft engine technology [4]
Montana Renewables Receives Approval of Excise Tax Registration