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 Market
Closing Comments
RINs continued their uncertain spiral lower. Biodiesel RINs are trading in the low to mid 30’s with the B18’s only holding about ¼ of a cent premium to the B17’s. Ethanol RINs are 13.5 cents and 14.625 for the E18’s and 19’s. California’s LCFS credit is at the other end of the spectrum trading $186 and holding near its all-time high of $193.