Biodiesel RINs are up six percent from last Monday and 181 percent above a year ago. Ethanol RINs are seven percent higher and trading 227 percent over values from a year ago. EPA and the White House once again pushed back getting the 2021 and 2022 RVO’s in place. The 2021 RVO should have been finalized in November of 2020 and the proposed 2022 RVO should have been released by the end of June 2021. Lack of clarity surrounding renewable volume obligations continues to support elevated RIN Values. Blend wall concerns within the implied ethanol mandate could mean significant volume requirements may fall to the D4 biodiesel/renewable diesel category.
The EPA is concerned and looking to mitigate fallout from refiners claiming to suffer hardship from meeting their obligations. It appears the EPA is struggling to find a way follow statutory guidelines while attempting to…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...