For US corn farmers, the vision is turning into reality as they eye the skies, or more precisely, green aviation fuel. The buzzword is sustainable aviation fuel (SAF), and it’s seen as a beacon of hope in a world moving swiftly towards electric vehicles (EVs).
Around 40% of the US corn yield goes into making ethanol. With EVs threatening to reduce gasoline demand, what’s next for this golden grain? Patrick Gruber from Gevo Inc. calls it a “lifeline,” and his company’s investing a cool $850 million to turn corn into green jet fuel.
The White House, led by the President, is championing the shift, throwing weight behind SAF investments. The potential is an impressive market of $105 billion by 2050. However, it’s not all smooth flying. The corn-derived SAF has environmental standards to meet and tax benefits to qualify for.
The clock is ticking! The industry is at a “make-or-break moment” with ethanol consumption expected to decline. It’s about seizing the opportunity and embracing change. Some farmers are skeptical, questioning the viability of this green shift.
Major airlines are on board, setting ambitious goals for SAF consumption. But the infrastructure and supply of green jet fuel need a boost. With potential tax credits in the picture, corn-derived SAF faces the challenge of reducing its carbon intensity.
The road ahead is challenging, but the skies are full of opportunities. For small and mid-sized corn farmers, it’s about fighting for a spot in the green future. The shift to green aviation fuel is more than a trend; it’s a journey towards sustainability for US corn farmers. Source : wisconsinagconnection