04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Domestic Renewable Diesel Blending Hits All-Time High
The Environmental Protection Agency (EPA) reported 1.73 billion gallons of renewable fuel consumed during December, 7.7 percent above November and 14 percent above December 2020. Renewable Fuel Standard (RFS) credit generation of 1.9 billion RINs was 9.2 percent over November and 15 percent above December 2020. Increased biomass-based diesel (D4), Advanced biofuel (D5), and ethanol (D6) production contributed significantly to the month over month growth.
December biomass-based diesel (D4) consumption of 364.4 million gallons was 25 percent over November and 27 percent above December 2020. Biodiesel use increased 33 percent and renewable diesel consumption increased 12 percent. Renewable jet fuel saw a 23.5 percent decline in usage during November. Compared to 2020, December biodiesel consumption was up 8.2 percent, renewable diesel was 68 percent higher, and renewable jet…