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BASF says climate-smart biofuels have longevity

A sustainability market development manager is bullish on decarbonization efforts continuing long into the future.

Chad Asmus with BASF tells Brownfield 45Z tax credits allow farmers to be rewarded for their climate-smart efforts.

“Low carbon intensity biofuels is not going away,” he says. “Looking at the expansion of state low carbon fuel standards for example, and into more farm-friendly states, what’s going on in Canada and the opportunities.”

Despite uncertainty about the future of climate programs in the first few weeks of the Trump administration, he says, “We are optimistic that at the end of the day, the farmer’s voice will be heard the opportunity to be recognized for those good things will prevail.”

A bill has been introduced in the U.S. House to repeal the 45Z tax credit by a Texas Republican.

BASF is currently exploring how to incentivize carbon efficiency and open new markets for farmers. The company also is working to be carbon neutral by 2050.

Brownfield interviewed Asmus during the recent Great Lakes Crop Summit in Mount Pleasant, Michigan.