Green Plains (GPRE) “announced that it has entered into an agreement with an affiliate of Freepoint Commodities LLC (Freepoint) to sell Clean Fuel Production Credits, also known as 45Z tax credits, generated in 2025 under the Inflation Reduction Act. The initial credits will be generated from low-carbon intensity ethanol production at Green Plains’ three Nebraska facilities. A portion of these credits are being generated prior to the expected launch of carbon capture later this year, highlighting the competitive carbon intensity profile of the company’s current strategy and operations. Green Plains has also signed a term sheet with Freepoint to monetize tax credits from three additional facilities expected to qualify under 45Z during 2025.”
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPRE:
- White House weighs forcing refineries to absorb biofuel waivers, Reuters reports
- Five Below upgraded, Bill downgraded: Wall Street’s top analyst calls
- Green Plains upgraded to Outperform from Perform at Oppenheimer
- Closing Bell Movers: Nvidia slips 3% despite slight beat on earnings
- Green Plains Sells Ethanol Plant for $190 Million
