In early February, World Energy paused biodiesel production while evaluating the market. World Energy is the second largest producer of biodiesel in the U.S. with nameplate capacity above 200 million gallons a year.
Following an end of the year surge in biodiesel output, economics and a hangover in supply caused production to slow, giving many producers the opportunity for planned maintenance and a chance to evaluate the economics of production, given low 2022 RIN values.
December biodiesel consumption reached 216 million gallons, of which, 165 million gallons were from domestic production. During January, biodiesel consumption slipped to 103 million gallons, with 90 million gallons coming from domestic production.
Lack of biodiesel production has slowed the decline in crude glycerin prices, which many market participants believe should…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...