Illinois Senate Agriculture Chair Patrick Joyce advanced a measure that aims to create a statewide renewable fuel standard. The measure is co-sponsored by Senator Linda Holmes. Senate Bill 2394 would require all diesel fuel sold or offered for sale in Illinois for use in internal combustion engines must contain five percent biodiesel on and after July 1, 2021 and at least 20 percent biodiesel on and after July 1, 2024.
Senate Bill 2394 passed the Senate Agriculture Committee Thursday April 15 and is currently waiting assignment. The Bill also amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retails’ Occupation Tax Act.
Daily Charts
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...