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John Barrasso criticized the relationship between the clean energy investment firm Generate Capital and the Biden administration's Loan Programs Office (LPO), which has been active in funding projects despite potential changes under a Trump administration. Business leaders express confidence in securing loans for various energy projects, with significant commitments already made, while some pending applications have faced delays. The future of these projects may hinge on geographic and political considerations, as Republican lawmakers advocate for initiatives in their districts amidst broader fiscal challenges.
The US Department of Energy has committed nearly $3 billion to enhance sustainable aviation fuel (SAF) production, aiming to increase output to 3 billion gallons per year by 2030. Two companies, Montana Renewables and Gevo, are set to receive loan guarantees to expand biofuel facilities, with the potential to significantly boost SAF supply. While SAF is not entirely carbon-free, it is viewed as a key solution for reducing aviation emissions, with the ability to cut lifecycle carbon emissions by 50-80% compared to conventional jet fuel.
Montana Renewables
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
biden rushes to finalize clean energy loans before trump's inauguration
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Eos Energy Enterprises, Inc.
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Mary Anne Sullivan
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Badar Khan
Karoline Leavitt
John Barrasso
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22:58 20.11.2024
us government invests billions to boost sustainable aviation fuel production
16:00 21.10.2024
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