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...
**Bob Lane will be out of the office this week, returning on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **
U.S. Representatives Mariannette Miller-Meeks (IA) and John Garamendi (CA) recently introduced the “Renewable Fuel for Ocean-Going Vessels Act,” legislation that would allow companies to preserve renewable identification number (RIN) credits under the Renewable Fuel Standard (RFS) for renewable fuel used for ocean-going vessels. The legislation designates renewable fuel used in ocean-going vessels as an “additional renewable fuel” (similar to jet fuel) under the RFS.
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