05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
According to the EIA’s Weekly Petroleum Status Report, ethanol production remains at historic highs. Production moved 1,000 barrels per day lower to an average of 1,028,000 b/d. Gasoline demand edged 1.06% lower and ethanol stocks expanded by 392,000 barrels. Ethanol imports reemerged, averaging 37,000 barrels per day over the prior week after holding…