Biofuels get boost from tax credits, infrastructure funding in surprise US Senate budget proposal

Biofuel producers who have at times felt overlooked in the wake of the Biden administration’s push for vehicle electrification cheered incentives for low-carbon fuels included in a surprise climate investment deal reached by the US Congress. The so-called Inflation Reduction Act of 2022, if passed, would make available $369 billion in energy security and climate change spending over the next…