During the fiscal year 2022, we initiated a cost optimization plan to improve efficiencies and align our workforce with strategic activities and operations. The recorded costs include an accrual of $1.1 million and $10.4 million as of June 30, 2025, and December 31, 2024, respectively.

During the second quarter of 2024, we made the decision to idle the Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi biodiesel facilities, while exploring viable and sustainable alternatives. Those alternatives could include restarting if market conditions improve, marketing for sale or permanently closing any of the facilities. Our decision to idle these facilities was driven by the decline in the overall biodiesel market and aligns with our continued operational and cost optimization efforts. As a result, we conducted an evaluation of impairment and based on our review we recorded a $22.1 million impairment which included property, plant and equipment and right of use assets. In addition, $0.4 million of severance and benefit expenses were recognized in the three and six months ended June 30, 2024.


		Three Months Ended June 30, 2025
Type of Costs	Statement of Income Location	Refining		Logistics		Corporate, Other and Eliminations		Consolidated
Consulting fees, severance costs and equity based compensation	General and administrative expenses	$	—	$	—	$	22.1	$	22.1
Severance costs and equity based compensation	Operating expenses	—		—		3.4		3.4


Total		$	—	$	—	$	25.5	$	25.5


		Three Months Ended June 30, 2024
Type of Costs	Statement of Income Location	Refining		Logistics		Corporate, Other and Eliminations		Consolidated
Consulting fees and severance costs	General and administrative expenses	$	—	$	—	$	0.1	$	0.1
Severance costs	Operating expenses	0.4		—		—		0.4
Impairment	Asset impairment	22.1		—		—		22.1
Total		$	22.5	$	—	$	0.1	$	22.6


		Six Months Ended June 30, 2025
Type of Costs	Statement of Income Location	Refining		Logistics		Corporate, Other and Eliminations		Consolidated
Consulting fees, severance costs and equity based compensation	General and administrative expenses	$	—	$	—	$	29.6	$	29.6
Severance costs and equity based compensation	Operating expenses	0.3		—		4.0		4.3


Total		$	0.3	$	—	$	33.6	$	33.9


		Six Months Ended June 30, 2024
Type of Costs	Statement of Income Location	Refining		Logistics		Corporate, Other and Eliminations		Consolidated
Consulting fees and severance costs	General and administrative expenses	$	—	$	—	$	3.3	$	3.3
Severance cost	Operating expenses	0.4		—		—		0.4
Impairment	Asset impairment	22.1		—		—		22.1
Total		$	22.5	$	—	$	3.3	$	25.8