MI U.S. IRA Section 45V Comments
MI has submitted comments to the U.S. Department of the Treasury on the proposed regulation promulgated under Section 45V (Clean Hydrogen Production Tax Credit) which was enacted under the Inflation Reduction Act (IRA) of 2022.
MI U.S. IRA Section 45Z Comments
MI has submitted comments on the U.S. Department of Treasury (Treasury) and Internal Revenue Service (IRS) implementation of Section 45Z Clean Fuel Production Tax Credits enacted under the Inflation Reduction Act (IRA). MI supports the IRA’s goal of advancing clean energy solutions for U.S. manufacturing, the transportation sectors, and the American people.
MI U.S. IRA Section 45V Comments
MI recently had an opportunity to participate in a U.S. Department of Energy Stakeholder Listening Session focused on the Clean Hydrogen Production Credit under Section 45V of the Inflation Reduction Act (IRA). MI CEO Greg Dolan provided the following comments orally and in writing.
Methanol: A Future-Proof Fuel
Methanol occupies a critical position in the chemical industry, as a highly versatile building block for the manufacture of countless everyday products such as paints, carpeting, plastics, and more.
Future Fuel Strategies has prepared a primer report for the MI titled, “Methanol: A Future-Proof Fuel,” offering a status report and overview of methanol and its current uses in vehicle transportation fuels and its role in future fuels as well. Increasingly, methanol is being used around the world in several innovative applications to meet the growing demand for energy, particularly in transport. The primer presents methanol’s fuel quality benefits, addresses concerns about the use of methanol, the history of methanol blending in fuels, and its future potential as a renewable fuel capable of significantly reducing CO2 emissions.