While the pandemic has not had as large an impact on biodiesel consumption as it has for ethanol, glycerin, a by-product of biodiesel production, has seen demand fall sharply. Both refined and crude glycerin prices have suffered. Some of the contraction in the crude market can be attributed to the cyclical pricing often seen on a yearly basis. Refined pricing fell, while not abnormally low, moved rapidly from trading in the mid-50 cents range down to the low 30’s over a three-month period.
The pandemic reduced refined glycerin demand as restaurants shuttered, causing food demand to decline 10 to 20 percent. Grocery store food demand offset some of this decline, rising roughly six percent, by one account. Another factor helping to alleviate some lost demand has come from the pet food market where glycerin is used in soft pet foods and dog…
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),...
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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...
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US weekly wheat, soybean export inspections decline; corn up 7%
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