Renewable Diesel Capacity Expected Increase Sharply by 2022
There was just over 500 million gallons of US renewable diesel capacity in 2020. That figure does not include co-processing, which would elevate capacity to 567.3 million gallons. The amount of biodiesel capacity, per the EIA, was 2.394 billion gallons. Biodiesel capacity has always dwarfed that of renewable diesel, but with oil companies and others looking to take advantage of margin opportunities, things may soon change.
Existing renewable diesel capacity has increased to 662.6 million gallon in 2021, with a probability adjusted addition of 71.6 million gallons of “planned/under construction” projects coming online this year or expected to come online, plus Marathon’s Dickinson ND plant reaching full capacity this year. Renewable diesel capacity, including co-processing, is…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...