The US and North America have always trailed Europe when it comes to biomass-based diesel. Whether it was policy or production, it seemed that the North American market was two or three steps behind. This may be overly simplistic but not too far off in a general sense.
With the downturn in oil consumption and many refiners looking to improve margins through the production of renewable diesel. Competitors find themselves in a race to take advantage of California’s LCFS market, Canada’s upcoming national LCFS program, and/or the onset of Europes renewable jet fuel mandates (two locations). Following the trend of trailing Europe, could US sustainable jet fuel mandates be far behind? With all the new positioning taking place, North America is becoming a hotbed for future renewable diesel production activity.
Currently, there are 7.6 million…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...