Green Plains to sell 2026 45Z tax credits in deal worth at least $250 million
Green Plains entered into a Tax Credit Purchase Agreement on October 29, 2026, to transfer Section 45Z clean fuel production tax credits from its 2026 ethanol production to two unaffiliated buyers. The deal covers a minimum of $250 million and up to $325 million in credits, and the company expects $140 million of cash in the fourth quarter for credits generated through June 30, 2026.
Key points
- Minimum of $250 million and maximum of $325 million in 2026 Section 45Z credits, subject to generation and conditions
- Company expects $140 million cash in Q4 2026 for credits generated through June 30, 2026
- Credits from Q3 and Q4 2026 expected to be monetized in the first half of 2027
- If a tax law change limits transferred credits, Green Plains must return the related purchase price with interest
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.