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...
Vertex’s Renewable Diesel Unit Reaches Lower-End of Phase 1 Startup Projections
Vertex announced their renewable diesel unit (RDU) in Mobile, Alabama, met the company’s goal of producing 8,000 barrels per day (bpd) during second quarter operations. The revamped RDU was originally targeted to produce 8,000-10,000 bpd. Reaching their target of 8,000 bpd places Vertex as the eighth largest renewable diesel producer in the U.S.
“We are pleased to report yet another milestone for our RD project: the validation of targeted throughput capacity for the renewable diesel plant at 8,000 barrels per day. We believe this is significant to our growth potential as it further demonstrates our team’s ability to execute end-to-end project deliverables safely and reliably,” said Benjamin Cowart, President, and CEO of Vertex, during the company’s operational outlook.
…