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Clean fuel production credit

A tax incentive that reduces the amount of tax owed by companies that produce certain types of environmentally friendly fuels.

Internal Revenue Code of 1986

The main body of federal tax law in the United States.

Sustainable vessel fuel

A liquid fuel for commercial ships and ferries that meets specific environmental standards, including being non-petroleum based, having zero emissions, and adhering to industry quality benchmarks.

Commercial vessel or ferry

Any boat or ship used for business purposes, such as transporting cargo or passengers for hire.

Emissions rate of zero

Refers to a fuel that, when burned, releases no greenhouse gases or pollutants into the atmosphere, or that its overall lifecycle impact results in no net emissions.

American Society for Testing and Materials (ASTM)

An international organization that develops and publishes voluntary consensus technical standards for a wide range of materials, products, systems, and services.