California recently released their fourth quarter 2019 LCFS Data. Fourth quarter credit production was up 7 percent from the third quarter while the number of fourth quarter deficits fell one percent relative to third quarter output. For the year, 14.8 million credits were generated, up nearly 31 percent from 2018 production. The number of deficits produced in 2019 was 20 percent below that of 2018 production.
Biodiesel volume reached 211.6 million gallons in 2019, up 15 percent from 2018 volume of 184.5 million gallons. Biodiesel production produced 1.8 million credits in 2019, which was 14 percent over 2018 production and represented 12 percent of total 2019 credits. Biodiesel credit production declined from 14 percent of all credits produced in 2018 to 12 percent in 2019.
Renewable diesel volume of 617.9 million gallons was 61 percent over 2018 volume and…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...