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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