{"id":12118,"date":"2026-05-28T01:53:00","date_gmt":"2026-05-27T23:53:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=25dfffb106dc29213415808308483c30"},"modified":"2026-05-28T01:53:00","modified_gmt":"2026-05-27T23:53:00","slug":"pivot-bio-ceo-provides-key-insight-to-u-s-treasury-department-and-irs-officials-on-proposed-45z-clean-fuel-production-credit-guidelines","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=12118","title":{"rendered":"Pivot Bio CEO Provides Key Insight to U.S. Treasury Department and IRS Officials on Proposed 45Z Clean Fuel Production Credit Guidelines"},"content":{"rendered":"<p class=\"bwalignc\">\n<i>Chris Abbott highlighted the crucial need for IRS and Treasury Department officials to recognize Biological Nitrogen Management as a qualifying on-farm practice<\/i><\/p><p>MINNEAPOLIS--(BUSINESS WIRE)--Chris Abbott, CEO of Pivot Bio, one of the world\u2019s leading innovative agtech companies, today provided comments during the IRS public hearing on proposed regulations under the Section 45Z clean fuel production tax credit.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260527823000\/en\/2709006\/5\/Pivot-Bio-Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260527823000\/en\/2709006\/22\/Pivot-Bio-Logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260527823000\/en\/2709006\/5\/Pivot-Bio-Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260527823000\/en\/2709006\/21\/Pivot-Bio-Logo.jpg\" \/><\/a><p>\nAbbott emphasized that the current conflict in Iran and resulting disruption to the Strait of Hormuz have underscored how vulnerable U.S. farmers remain to foreign fertilizer supply chains and global market volatility.<\/p><p>\n\u201cThis is not a temporary disruption,\u201d Abbott said. \u201cResearchers at Purdue University and the University of Illinois have both concluded that even after the Strait of Hormuz reopens, it will take months to normalize the fertilizer supply chain and that the 2027 crop year may be even more severely affected than 2026. A survey of corn growers found that for every farmer worried about fertilizer for 2026, nearly two are more worried about 2027.<\/p><p>\n\u201cThe lesson of this crisis is not complicated: when American farmers depend on foreign supply chains for a critical input, they are vulnerable. And right now, they are paying the price,\u201d Abbott continued.<\/p><p>\nAbbott pointed to biological nitrogen fertilizers, including Pivot Bio\u2019s crop nutrition solutions for corn, cotton, sorghum and small cereal grains, as a commercially available domestic alternative that can help reduce growers\u2019 reliance on imported synthetic fertilizer.<\/p><p>\n\u201cBiological fertilizers are not a niche product or a future technology. They are a proven, commercially available, domestically produced alternative to imported synthetic nitrogen, and they are available right now, when farmers need them most.<\/p><p>\n\u201cSection 45Z creates a meaningful incentive for the production of clean transportation fuels,\u201d Abbott said. \u201cThe on-farm practices farmers use directly affect the carbon intensity of the feedstock, and therefore the value of the 45Z credit to the fuel producer. Biological Nitrogen Management, the use of nitrogen-fixing microbial products like those Pivot Bio produces, is one of those practices. These products reduce farmers' reliance on synthetic nitrogen, improve yields, and keep dollars in the domestic economy rather than sending them to foreign fertilizer producers.\u201d<\/p><p>\nAbbott closed by emphasizing the importance of strengthening domestic agricultural innovation and recognizing on-farm practices that improve supply chain resilience. \u201cWhen those supply chains break, as some have broken this spring, farmers have few alternatives, and the consequences ripple through the entire food system. We must use all the tools available to us now to prevent similar disruptions in the future.<\/p><p>\n\u201cThe answer to that vulnerability is domestic innovation. It is U.S. companies like Pivot Bio who are creating real and meaningful solutions through novel Biological Nutrient Management technologies, manufacturing domestically, shipping to farmers within 24 hours and <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pivotbio.com%2Fpress-releases%2Fpivot-bio-expands-rapid-response-to-fertilizer-market-volatility-with-multiyear-nitrogen-price-and-supply-assurance-program&amp;esheet=54543045&amp;newsitemid=20260527823000&amp;lan=en-US&amp;anchor=lowering+prices&amp;index=1&amp;md5=0e617ef30fa27b12eae3bcb11bf7b7a1\" rel=\"nofollow\" shape=\"rect\">lowering prices<\/a> when the rest of the market is raising them. It is a regulatory framework that recognizes and rewards the on-farm practices that reduce dependence on foreign inputs and improve the resilience of American agriculture. Section 45Z is one piece of that framework.\u201d<\/p><p>\nAs policymakers finalize implementation of the 45Z clean fuel production credit, Abbott\u2019s remarks reinforced Pivot Bio\u2019s position that Biological Nitrogen Management should be recognized within the 45Z framework as a proven on-farm practice that supports both farm profitability and domestic supply chain resilience.<\/p><p>\n<b>About Pivot Bio<\/b><\/p><p>\nPivot Bio, one of the world\u2019s leading agtech companies, delivers patented crop nutrition technologies that harness the power of nature to help farmers reliably and productively grow the food the world needs in the face of increasing volatility. Currently available in North America and soon in Brazil, the company\u2019s products represent a breakthrough innovation and one of the agriculture industry\u2019s most promising solutions. Pivot Bio has been recognized three times by <i>TIME<\/i> magazine on its annual list of Best Inventions, by <i>Fast Company<\/i> on its World Changing Ideas and World\u2019s 50 Most Innovative Companies lists, by <i>CNBC<\/i> on its Disruptor 50 list, by <i>Fortune<\/i> on its Impact 20 list, and by <i>MIT Technology Review<\/i> as one of 15 climate tech companies to watch. For more information, visit <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pivotbio.com&amp;esheet=54543045&amp;newsitemid=20260527823000&amp;lan=en-US&amp;anchor=PivotBio.com&amp;index=2&amp;md5=030fa3449306e5dc8ed5c72d51acc413\" rel=\"nofollow\" shape=\"rect\">PivotBio.com<\/a>.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\nMedia contact: <a  href=\"mailto:media@pivotbio.com\" rel=\"nofollow\" shape=\"rect\">media@pivotbio.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Chris Abbott highlighted the crucial need for IRS and Treasury Department officials to recognize Biological Nitrogen Management as a qualifying on-farm practiceMINNEAPOLIS&#8211;(BUSINESS WIRE)&#8211;Chris Abbott, CEO of Pivot Bio, one of the world\u2019s leading in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12118","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/12118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12118"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/12118\/revisions"}],"predecessor-version":[{"id":12119,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/12118\/revisions\/12119"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}