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...
The change in domestic U.S. oil production to light sweet crude driven by hydro-fracking and horizontal drilling has provided the backdrop for optionality in the refinery space. Refiners over the prior decade spent money on coking projects which would allow them to purchase heavy crudes with low gravity and increase margins by purchasing cheaper crude oil. This investment has now generated an opportunity to…