Diamond Green Diesel announced on Tuesday December 10 that it had received approval from the Internal Revenue Service (IRS) for its excise tax registration, a required step for any producer to receive potential Clean Fuel Production Credits (CFPC) for sustainable aviation fuel (SAF) or renewable diesel.
The announcement comes while uncertainty continues over a lack of guidance regarding the implementation of the CFPC, also known as 45Z, tax credits created by the 2022 Inflation Reduction Act (IRA). The CFPC was intended to replace the Blender’s Tax Credit (BTC), which expires at the end of 2024.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...