*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision to deny small refiners waivers that would exempt them from compliance under the Renewable Fuel Standard (RFS) program.
In July of this year, the U.S. EPA denied 26 petitions from small refineries seeking small refinery exemptions (SREs) under the RFS. The action removed all but two outstanding SRE petitions for compliance years spanning 2016 through 2023. The following month, however, four refiners asked the U.S. appeals courts to review the EPA’s July action. The companies included Hunt Refining Company, San Antonio Refining Company, Calumet Shreveport Refining and Calumet Montana Refining.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...