05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
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...
A key driver accelerating the move of oil refining interest in renewable fuels, especially renewable diesel, has been the impact of the Coronavirus. A sharp decline in product demand since the onset of the COVID pandemic has reduced crack spreads, refinery margins, and utilization rates. This highlighted the need for change in underperforming assets that might be inefficient by today’s standards, in need of…