The Energy Information Administration (EIA) January Short Term Energy Outlook (STEO) has the volume of renewables used in diesel blending moving lower for 2021 and 2022. The Environmental Protection Agency (EPA) uses EIA data when issuing its proposed and final rules for blending requirements.
The EPA’s Proposed Volume Standards for 2021 and 2022 show the volume of renewables in diesel forecast at 2.23 billion gallons for 2021 and 2.66 billion in 2022. The proposed rule was published December 21, 2021. The latest STEO has reduced the forecasts for 2021 to 2.08 billion gallons, a 145-million-gallon reduction. The 2022 forecast was reduced to 2.66 billion gallons, a 207-million-gallon reduction.
The reductions stand out as the amount of diesel expected to be used within the transportation pool has increased since the Proposed Rule was…
01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
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Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
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01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...