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...
Biodiesel Market
Despite the latest EMTS data showing a much needed surge in D4 production, B17 RIN’s had their best weekly showing since the first week of May. B17 RIN values climbed a robust 6 cents for the week, closing at 110. Intraday, the B17 RIN traded up to 113 before momentum subsided and bids fell back to 109. The B17’s closed at their highest level since December 21, 2016. Ethanol RINs did not follow or lead in this rally. …