The latest Energy Information Administration (EIA) Short-Term-Energy Outlook (STEO) lowers the bar on gasoline and diesel consumption. This in turn leads to less renewable fuel needed to satisfy the mandated requirements. The percentage standards for required renewable fuel have not changed, just the volume needed to achieve the mandated requirement.
The EPA Final Rule for 2020 is based on percentage not volume. Volumes are projected based on EIA fuel estimates but those estimates get reconciled with actual gasoline and consumption totals following the end of the year. For 2020, EIA originally estimated 142.68 billion gallons of gasoline and 55.30 billion gallons of diesel to be consumed.
These estimates were created prior to the pandemic. Since that time, EIA has lowered their gasoline and diesel estimates to…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...