With 10 months of Renewable Fuel Standard (RFS) production accounted for in 2023, RIN generation for the various “D” categories has been a mixed bag.
RIN generation within the D3 cellulosic code has been lacking, with only 568 million RINs produced over the first ten months of the year. RIN production is 15 percent above 2022 volume through the same period, but it trails the current mandate. The mandate was originally stated as 840 million gallons but based on the percentage mandate, and shifting fuel consumption, the mandate is now expected to be closer to 830 million gallons. Based on ten months of production, it appears the D3 category could fall short of meeting the mandate.
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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...