Verity and CIBO Launch 45Z Compliance Solution for Biofuel Producers
Verity and CIBO have partnered to provide a comprehensive compliance solution for biofuel producers, linking farm-level data to fuel production. This system will facilitate the generation of verified carbon intensity scores and audit-ready documentation needed to utilize the Clean Fuel Production Credit under Section 45Z of the U.S. Internal Revenue Code.
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Verity Holdings and CIBO Technologies have formed a partnership to connect farm-level practices with fuel production, enabling biofuel producers to generate verified carbon intensity scores required for compliance with Section 45Z of the U.S. Internal Revenue Code.
This solution aims to streamline the process of demonstrating traceable connections from feedstock sourcing to fuel production, essential for utilizing credits like the 45Z tax credit. The collaboration will assist various stakeholders in the renewable fuel supply chain in converting verified data into traceable environmental attributes, supporting participation in different compliance markets.
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