Yesterday, the Treasury Department released its Initial Guidance on registration for the Clean Fuel Production tax credit known as Section 45Z. To qualify for the credit, biofuel producers must pre-register; registration is required prior to 1 January 2025 when the credit goes into effect. According to the Treasury Department, biofuel producer taxpayers registering after 15 July 2024, cannot be guaranteed they will receive the required confirmation letter on time. As of yet, however, the other compliance requirements have not been released, making the registration process a bit of the proverbial “pig in a poke.” As clients will recall, on 30 April, WPI reported on the guidance from the Treasury Department for the Section 40B su...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.