The US Environmental Protection Agency (EPA) approved a pathway for canola/rapeseed oil to be eligible to generate Renewable Identification Numbers (RINs) in the production of renewable diesel, renewable jet fuel, as well as renewable naphtha and renewable heating oil in December 2022. Prior to this ruling, canola oil could only generate RINs in the production of biodiesel.
Canola oil used in the production of biodiesel was 953 million pounds in 2021 (plus two months where data was not identified) and 1.25 billion pounds in 2022, according to Energy Information Administration (EIA) feedstock data. This occurred despite domestic biodiesel production falling from 1.7 billion gallons in 2021 to 1.62 billion in 2022.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...