Reviewing the RIN dashboard ahead of the March EMTS release. The most recent Energy Information Administration (EIA) energy outlook and the Environmental Protection Agency (EPA) RIN production data provides a snapshot of RIN production and how it contrasts between the original 2024 mandate and today.
The original 2024 renewable volume obligation (RVO) called for 21.54 billion RINs of renewable fuel to blended into the US transportation fuel pool. There are four mandated categories of fuel, total renewable fuel, advanced biofuel, biomass-based diesel (BBD), and cellulosic biofuel. There is also an implied mandate for conventional renewable fuel, often referred to as the implied ethanol mandate.
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07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...