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...
Biodiesel RINs held in a narrow trading range but the markets trend continues to be slightly higher. Industry uncertainty coupled with reduced production keeps pricing in a holding pattern. The 2019 biodiesel RIN traded 56 today and closed 55.5 bid versus a 56.5 offer. Ethanol RINs are no longer trending higher and are losing value relative to the biodiesel RIN. The 2019 ethanol…