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...
Market Activity
Late yesterday Darling Ingredients and Valero announced the approval to expand the Diamond Green Diesel facility to 675 million gallons set to finish in late 2021. At 675 million gallons, the feedstock demand begins to push roughly 6 billion pounds or nearly 40% of the domestic, low CI feedstock supply.
Today trading for tech tallow was reported at $0.3600 Chicago for Dec, outside of the 30 day window. While not reportable it is an indication of the…