Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with Fastmarkets.
The Biden administration is expected to provide guidance relating to the 45z tax credit, according to one source. The 45z credit replaces the $1 per gallon Blenders Tax Credit that expired at the end of 2024. However, GREET guidance on modelling the credit has been missing.
Not having the guidance in place has moved much of the biodiesel industry into taking downtime to wait and see if production economics become viable in the near term without the BTC.
Biofuel producers are hoping to see either some promising news on the 45z or a return to the BTC.
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01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...