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 approximately 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. Use of canola oil increased in 2022 despite domestic biodiesel production falling from 1.7 billion gallons in 2021 to 1.62 billion in 2022.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...