September U.S. renewable fuel blending fell five percent from August and continues to trend lower with the market heading into Q4. Strong demand and solid import activity earlier in the year may have some producers beginning to slow production. Monthly renewable fuel blending has moved lower in three of the past four months. September blending of 1.69 billion gallons was five percent below the 1.78 billion gallons consumed in August, but 11 percent above the 1.5 billion blended during September 2022. Renewable Fuel Standard (RFS) credit generation reached 1.95 billion RINs in September.
Third quarter 2023 renewable fuel RIN generation reached 5.99 billion RINs. This as on par with the 6.02 billion RINs generated in Q2 2023, but 14 percent above the 5.27 billion created during Q3 2022.
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...