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...
January Renewable Fuel Blending 19% Below December
The Environmental Protection Agency (EPA) reported 1.44 billion gallons of renewable fuel was consumed during January, 17 percent below December but 12 percent over January 2021. Renewable Fuel Standard (RFS) credit generation of 1.6 billion RINs was 19 percent below December but 12 percent above January 2021. All fuel categories showed declining blending volumes in January, with biomass-based diesel production falling more than 39 percent from December.
January biomass-based diesel (D4) consumption of 221 million gallons was 39 percent below December but 16 percent above January 2021. Within the D4 category, monthly biodiesel use fell 52 percent, renewable diesel consumption declined 21 percent, and renewable jet fuel blending increased 30 percent.
January 2022 biodiesel use was 11 percent below January 2021, but renewable diesel blending increased 58 percent on a year…