Renewable diesel has been a quiet market, flying a little under the radar in recent years. There was one oil major dabbling in the market, BP in Washington State. Another major, Valero, has been a major player with its joint venture operation (Diamond Green) with Darling, and Neste has been a market leader out of Singapore establishing a major foothold on the West Coast. Neste and Diamond Green have been expanding rapidly in an effort to take advantage of favorable market conditions.
The US renewable diesel market is transforming. Domestic producers Diamond Green and REG had occupied most of the domestic capacity in recent years, accounting for about 350 million gallons per year. Alt Air, Sinclair, and BP have recently moved into the arena, bringing an additional 180 million gallons of capacity. Alt Air is currently looking to increase their presence from 40 mmgy to…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...