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...
Braya Renewable Fuels announced their facility in the city of Come By Chance, Newfoundland commenced commercial operations. Initial renewable dieseel production capacity is expected to reach 18,000 barrels per day, or 275 million gallons per year.
Braya has plans to expand production capacity, add sustainable aviation fuel production, and explore green hydrogen production. Braya’s retrofit of the refinery allows them to process feedstocks, which include soybean oil and distillers’ corn oil.
The refinery in Come By Chance is a repurposed petroleum refinery that once had an approximate output of 135,000 barrels per day.
“The refinery’s strategic location enables it to source low-carbon intensity feedstocks from anywhere in the world while delivering sustainable fuels to low-carbon markets in North America and Europe,” said the company in a statement on its website.
…