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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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...