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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04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...