In Texas, Darling Ingredients Inc. announced an agreement to sell approximately $60 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company’s Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by Dec. 31, 2025, upon satisfaction of […]
In Iowa, Iowa biodiesel production ticked up to 353 million gallons, up from 350 in 2023. Iowa biodiesel plants managed to power through being undercut by a drastically low Renewable Fuel Standard (RFS) blending level for 2024, but could not escape uncertainty surrounding tax policy as the long-time biodiesel blenders credit expired while the rules […]
In California, Aemetis, Inc. announced the receipt of $11 million, after transaction costs, from the sale of $13.5 million of Inflation Reduction Act (IRA) investment tax credits generated by a solar electricity generation project at the Keyes ethanol plant and two dairy biogas digesters built as Aemetis Biogas projects. Aemetis has also entered into an […]
In Washington, on the second anniversary of President Biden’s Inflation Reduction Act, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that USDA is funding 160 projects in 26 states to expand access to clean energy systems and increase the availability of domestic biofuels that will create new market opportunities and jobs for U.S. farmers, […]
In Canada, Anaergia Inc. announced the entry into a definitive agreement for a sale of $15.6 million of Inflation Reduction Act (IRA) investment tax credits generated by its subsidiary, Rhode Island Bioenergy Facility Holdco, LLC (“RIBH”). The investment tax credits for qualified biogas property were generated from the project built by RIBH’s subsidiary in Johnston, […]
