05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from US fuel blenders fell to an eight-month low while export demand for US biodiesel increased for the second straight month, according to data released Thursday May 2 by the US Census Bureau.
Biodiesel imports to the US totaled 35.1 million gallons in March, 35% below 54.5 million gallons imported in February and 21% under the 44.2 million gallons imported the year before. Monthly import volume reached its lowest level since July 2023, but was 36% above the five-year import average for March of 25.7 million gallons.
Biodiesel was imported from six countries during March, unchanged from February, with Canada, Italy, and Spain accounting for 71% of imports and Belgium, South Korea and Germany providing the balance.
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