Braya Renewable Fuels may shut down by year’s end due to blenders tax credit expiry

In Canada, the Canadian Broadcasting Corp reports the Braya Renewable Fuels plant that only came online in April is already considering shutting down due later this year due to economic contraints resulting from the expiration of the Blenders Tax Credit that led to lower-than-normal margins and short-term market disruptions. Should the plant be shut down, it will remain maintained and in ready-to-start mode with the 230 permanent employees retained. The $1/gallon tax credit is set to expire on Dec. 31.