Brett Gibbs

More reason to head to Chicago the 4th week of September! Thanks to anyone who has tuned in to our 3Q event series. We'll be wrapping it up with an in-person briefing on 9/22 with the entire Bloomberg Biofuels collective. Briefing (space is limited)🔗: bloomberg.com/event-registra……

We focus mostly on biofuels here—but we also cover US independent refiners. Great to join @LisaMateoTV and @isabelletanlee this morning to break down $PSX's strong 2Q results. Lets see if diesel strength can hold into 3Q as seasonal gasoline demand is faltering a bit. 🎥…

I'd check on that. 40B is reserved to "qualified mixture" produced in the US. "For purposes of this section, the term 'qualified mixture' means a mixture of sustainable aviation fuel and kerosene if" Believe it can be foreign produced SAF, blended with US kerosene in the US.…

For those who have reached out about this. H. R. 1 changed the termination date of Section 6426(k) from 12/31/24 TO 9/30/25. Section 6426(k) is: - SAF excise tax credit - Not restricted to US producers - Qualifies for direct payment - Minimum credit of $1.25/gal if you're 50%…

Always appreciate @CarbonAcumen's views. Great discussion earlier on some 2H margin/timing scenarios that initiated off SAF excise tax-credits (if interested). We're in the final stages of our 2H outlook. Here's what @sab__RIN__a identified as the 3 things to watch. There are…

For reference re $PARR JV @ $4.50/gal: $PBF - $ENI (2/23) : ~$5.75/gal $MPC - $NESTE (3/22): ~$2.75/gal $CVX - $REGI (2/22): ~$5/gal Add any other relative comps to the comments... #OOTT #EFT #OOCT #OOAT #Biofuels #Renewablediesel

How you can tell most of our X contacts aren’t equity-focused… This is the first public RD/SAF comp in a while… 👀

*In Hawaii* BUT Mitsubishi Corporation and ENEOS Corporation are paying ~$4.50 an annual gallons of capacity. $100M for 36.5% equity stake in 61Mgal/yr RD/SAF/Naphtha plant $274M equity value / 61M = $4.50 $PARR 🔗- parpacific.com/press-releases… #OOTT #EFT #OOCT #OOAT #RINs…

ICYMI: Growth Energy SVP of Regulatory Affairs @ChrisBliley joined a panel of experts with @BBGIntelligence to share critical insights into the implications and direction of U.S. #biofuel policy. You can replay the panel discussion back here: bloomberg.com/professional/i…

In case you missed it: On Friday, the IRS released the inflation-adjusted base values for the #45Z credit for 2025. The base value is now $1.86 for #SAF and $1.06 for other #biofuels. These values are then multiplied by an emissions factor to calculate the final credit value.

🎥A replay of today’s session is now available! Just enter contact info to watch: 🔗 bloomberg.com/professional/i… Huge thanks to our panelists for their insights and advocacy on biofuel policy. Hope you’ve got a vacation lined up after Aug. 8! @AnthonyReed19 @devinmogler…

Last chance to register for our session this morning with DC biofuel advocates. Tune in at 11am ET: bloomberg.zoom.us/webinar/regist… #OOTT #EFT #OOAT #RINs #45z @AnthonyReed19, @devinmogler, @ChrisBliley , @GrowthEnergy , @CleanFuelsAA , @CoalitionForRNG

Our latest update post June EMTS data is out!

A transcript of this detailed session is now available (Linked-In): linkedin.com/posts/brett-gi… 🎤 Join us tomorrow for a conversation with DC Advocates — register here: bloomberg.zoom.us/webinar/regist… 🏙️ In Chicago? Reserve your seat for our in-person briefing on 9/22:…

🤝 Pleasure was all mine. Meant a lot to have your and the rest of the panelists' trust and buy-in on this. Myself and the whole industry has learned a ton from the combined work of this panel. Truly one of the most enjoyable events we've put on to date. It'd be great to do…

Here are the updated tables and links. Many thanks to @sab__RIN__a for catching quickly. 🔗blinks.bloomberg.com/news/stories/s…

Apologies, we realized the initial table was quoted in gallons or 'batch volume' rather than RINs. Will have updated tables shortly.