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...
*Please Note – Bob Lane was out of the office today and will return on Friday, June 23, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
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In 2022, distillate fuel oil demand on the U.S. West Coast fell to its lowest level since 2002 and is expected to be even lower this year due to the increased use of biofuels, chiefly renewable diesel, the U.S. EIA said in its latest This Week in Petroleum report. Biofuels have gained a larger market share of the region’s diesel pool as clean-fuel programs incentivize their use.
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