Eslinger Biofuels and STX Group announce clean fuel partnership
In California, Eslinger Biofuels. the Fresno-based, CARB-certified bio-refinery, announced a landmark five-year, $48 million off-take and credit monetization agreement with STX Group.
Under the agreement, STX Group assumes exclusive forward purchase rights across EBI’s full compliance credit stack, comprising D4 RINs under the federal Renewable Fuel Standard, California LCFS credits, and 45Z Clean Fuel Production Credits, generating an estimated $9.3 million in annual gross credit revenue at current market rates, the firm said.
“This agreement gives us the institutional infrastructure to operate at the scale the market demands. California’s clean fuel supply has a structural problem. Eslinger Biofuels is built to be part of the solution, and STX Group is the right partner to take us there.” Jeremy Eslinger, President and CEO, Eslinger Biofuels.
Category: Fuels
