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...
According to the EIA’s Weekly Petroleum Status Report, ethanol production continued to edge higher, climbing 0.63% to 953,000 barrels per day (b/d). Stocks grew as gasoline demand moved lower. Ethanol stocks moved up by 2.39% to 21.317 million barrels. The higher production increased the ethanol industry’s demand for corn, pushing it to 14.2…