RNG Coalition: IRS Issues Technical Correction To Sec. 48 ITC Proposal
The U.S. Treasury Department and Internal Revenue Service (IRS) on Feb. 16 issued a technical correction to the Notice of Proposed Rulemaking (NPRM) issued in November in regard to proposed changes to the Sec. 48 investment tax credit (ITC).
The correction is intended to make clear that the cleaning and conditioning equipment critical to processing biogas into renewable natural gas (RNG) is eligible for the ITC.
Science Daily: Sulfur shortage: A potential resource crisis looming as the world decarbonizes
A new study highlights that global demand for sulfuric acid is set to rise significantly from ‘246 to 400 million tons’ by 2040 — a result of more intensive agriculture and the world moving away from fossil fuels. A projected shortage of sulfuric acid, a crucial chemical in our modern industrial society, could stifle green technology advancement and threaten global food security, according to a new study.