Soybean Oil Accounts for 70% of May Feedstock

Soybean Oil Accounts for 70% of May Feedstock

 

EIA May 2020 Biodiesel Production & Feedstock Use

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

Latest Tweets