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 will be out of the office through Friday, January 5, 2024, returning on Monday, January 8. In his absence, please contact Amanda Luhavalja at 845-741-3873, or [email protected].*
U.S. Representatives Zach Nunn (Iowa) and Nikki Budzinski (Illinois) introduced bipartisan legislation in November 2023 designed to increase biofuel production in Iowa, according to a news release. The Agricultural Biorefinery Innovation and Opportunity (Ag BIO) Act would increase funding for loans to support innovation in the biofuels industry.
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