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 renewables CEO Harry Simpson stated at the Fastmarkets Biofuel and Feedstock conference that the uncertainty surrounding the new credit makes decision making difficult.
Producers are uncertain as to how the loss in value from the BTC will be accounted for and what the specific guidance surrounding the 45z credit will be. Clean Fuels Alliance America (CFAA) and its members sent a letter to Treasury Secretary Janet Yellen, asking Treasury to promptly publish guidance.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...