Biodiesel Output Holds Steady From July, Elevated Relative to August 2019
The Energy Information Administration’s (EIA) Monthly Biodiesel Production Report showed 163 million gallons of US biodiesel produced from 1.24 billion pounds of feedstock during August. Biodiesel production and feedstock consumption was fractionally above July. August 2020 production was 4.5 percent over August 2019. The ratio of feedstock used per gallon of biodiesel produced, narrowed from 7.64 pounds to 7.60 pounds per gallon.
According to the EIA, production was from 88 biodiesel plants, down one plant from last month, with a capacity to generate 2.46 billion gallons. Production as a percent of capacity was 79.5 percent. Monthly domestic production capacity per the EIA is 204.9 million gallons.
The industry’s most widely used feedstock is soybean oil. Soybean…
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...