Tag: credit

Pacific Ethanol agrees deal on outstanding credit payments

Pacific Ethanol agrees deal on outstanding credit payments

March 27, 2019 |

In California, Pacific Ethanol, Inc. announced that Pacific Ethanol Pekin, LLC (“Pekin”) and Kinergy Marketing LLC, each a direct or indirect wholly-owned subsidiary of Pacific Ethanol, Inc., entered into amendments to their credit agreements and related agreements with their respective lenders which returns Pekin to full compliance with its credit facility and provides additional liquidity […]

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Ag economist says just 20% of retroactive biodiesel credit could make producers viable

Ag economist says just 20% of retroactive biodiesel credit could make producers viable

April 3, 2017 |

In Illinois, a well-known agricultural economics professor at the University of Illinois at Urbana-Champaign believes that the $1 per gallon biodiesel blending credit will be extended even though it lapsed at the end of last year, so the subsidy should be calculated into economic analysis of the industry. He said that a sharing agreement of […]

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NBB confident it can achieve policy goals despite election year

NBB confident it can achieve policy goals despite election year

March 28, 2016 |

In Washington, the National Biodiesel Board is seeking the transition of the blending credit to a producers credit and that the credit be extended beyond the end of the year when the blending credit expires. It believes that despite being an election year the association has a good shot at moving its proposals forward to […]

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NBB still pushing for producers credit over blenders credit

NBB still pushing for producers credit over blenders credit

January 27, 2016 |

In Florida, the National Biodiesel Board says the industry needs a producers credit rather than the current blenders credit that applies to both domestic and imported biodiesel. The industry says that by ensuring the $1 per gallon only goes to domestic fuel that the subsidy isn’t inadvertently subsidizing Argentine biodiesel as well, imports have which […]

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Biodiesel margins squeezed after blending credit expiry

Biodiesel margins squeezed after blending credit expiry

January 15, 2014 |

In Iowa, Iowa State University/CARD’s biodiesel margins database shows that just 10 days after the expiry of the biodiesel blending credit, margins slipped to 4 cents per gallon from the 59 cents per gallon registered on the last day of 2013. When the tax credit expired at the end of Dec. 2011, margins remained above […]

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Lignol Energy sets up new revolving credit facility for $12.5 million

Lignol Energy sets up new revolving credit facility for $12.5 million

August 15, 2013 |

In Canada, Lignol Energy says it has replaced its secured credit facility of $5 million, which was amended on July 9, 2013 for up to $6.25 million, with a new secured revolving credit facility of up to $12.5 million with Difference Capital Financial Inc., who prior to this transaction own 33.9% of LEC on a […]

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Informa report says RINs not a factor in gas price hikes

Informa report says RINs not a factor in gas price hikes

March 28, 2013 |

In Washington, the Renewable Fuels Association debuted a new analysis conducted by Informa Economics, Inc. that found that the Renewable Fuel Standard (RFS) and its associated “RIN credits” have not been a factor in this spring’s higher retail gasoline prices. The analysis, commissioned by RFA, found RINs are likely contributing no more than $0.004 (four-tenths […]

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