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 begin shutting down and this could lead to a continued lack of government guidance for the biofuel industry.
Expectations were high for 45z guidance today, but that did not happen. “We did not get the 45z regulation that was supposed to come out today. Instead, it will be sub-regulatory guidance, which means it will not be a final rule. The Trump administration can cancel it on day one, if they want to,” a lobbyist said.
“Headwinds are in fact occurring. If there is a federal government shutdown, the Treasury will delay guidance for the 45z credit,” a second lobbyist told Fastmarkets.
Lack of 45z guidance has many standalone biodiesel producers idling production ahead of the new year, when the 45z credit goes into effect.
…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...