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...
USA BioEnergy Becomes Latest Entrant to Announce RD/SAF Production
USA BioEnergy announced plans to develop a new advanced biorefinery in Newton County, Texas. The refinery will operate through its subsidiary, Texas Renewable Fuels (TRF), with plans to convert one million green tons of wood waste into 34 million gallons annually of transportation fuel. The fuel will be a combination of sustainable aviation fuel (SAF), renewable diesel (RD), and renewable Naphtha.
TRF will benefit from state and federal credits and tax incentives created to incentivize development and offset the cost of renewable fuel production. TRF recently received $150 million in state and local incentives for its advanced biorefinery initiative.
The facility is expected to reach completion in late 2025.
The plant will also be able to capture and sequester approximately 50 million metric tons of CO2 over the life of the biorefinery. Future expansion plans will…