Biofuel industry veterans announced biodiesel tax credit bridge loans opportunity

February 18, 2020 |

In Missouri, Rock House Advisors and PB Renewables run by biofuel industry veterans announced they have secured financing in order to offer biodiesel tax credit bridge loans, underwritten by an $5.5 billion financial institution, that will allow producers to access required financing while waiting for 2018 and 2019 biodiesel tax credit refunds from the IRS. The tax credit was recently renewed for another three years as well as retroactive for two years which will allow some biodiesel producers who have suffered significantly while the tax credit was in limbo to be able to recuperate some financial stability.

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Category: Fuels

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