New tax incentives give Washington’s sustainable aviation fuel… | HappeningNow.news

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New tax incentives give Washington’s sustainable aviation fuel industry a boost

Washington hit a milestone that unlocks tax incentives for producing cleaner jet fuel in the state starting in January.

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Washington reached a milestone that activates state tax incentives for producing cleaner jet fuel beginning in January. The incentives are expected to aid producers such as Twelve, which currently manufactures fuel from captured carbon at its Moses Lake facility. However, the industry faces a challenge from increasing competition for electricity, which could affect production costs and scalability.

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