Business Wire·Oct 30, 2026, 8:00 AM ET

Green Plains Enters into Agreement to Monetize 2026 45Z Clean Fuel Production Tax Credits

Green Plains Inc. announced an agreement to transfer up to $325 million of 45Z Clean Fuel Production Tax Credits generated in 2026.
The deal guarantees a minimum transfer of $250 million, with buyers having the option to purchase additional credits up to a total of $325 million, including a potential extra $30 million subject to availability.
Green Plains will receive $140 million in cash during the fourth quarter of 2026 for credits generated through June 30, 2026.
Credits generated in the third 45Z and fourth quarters of 2026 will be monetized in the first half of 2027 after compliance reporting is completed.
The transaction value is based on current carbon intensity scores without assuming future investments or improvements in low-carbon initiatives.
The agreement aims to increase cash flow visibility, strengthen the balance sheet, & provide flexibility for high-return reinvestments.
CG/ CRC-IB served as the financial advisor for the transaction.
The parties may evaluate expanding the program to monetize credits generated in years beyond the initial 2026 commitment period.