On Friday, USDA released a Request for Information (RFI) on the Production of Biofuel Feedstocks Using Climate-Smart Practices, with a 30-day comment period. That implies that the earliest the final rule under 45Z could come is in September – considering a 30-day comment period and, at the very quickest, 30 days of USDA’s review. That is noteworthy as the credit goes into effect on 1 January 2025. Recall, on 4 June WPI reported that the Treasury Department released its Initial Guidance to biofuel producers on how to register for the Clean Fuel Production tax credit known as Section 45Z. As mentioned, in order to qualify for the credit biofuel producers must pre-register. However, there are no rules yet as to how the...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.