The Energy Information Administration’s (EIA) Biodiesel Production Report revealed 147 million gallons of US biodiesel produced from 1.11 billion pounds of feedstock in May. Biodiesel production increased 2.8 percent over April while feedstock consumption was 3.6 percent higher. May biodiesel production was 4.6 percent over May of 2019. The ratio of feedstock used per gallon of biodiesel produced, expanded from 7.48 pounds to 7.54 pounds per gallon.
According to the EIA, production came from 89 biodiesel plants, down one plant from last month, with a capacity to generate 2.45 billion gallons. This indicates that production, as a percent of capacity was 72 percent. Monthly domestic production capacity, per the EIA is 204.5 million gallons.
The industry’s most widely used feedstock remains soybean oil. Soybean oil use reached an all-time high of 778 million…
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