The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report for March, released on Friday May 31, showed that rail and barge shipments of renewable diesel (RD) and biodiesel were up by 2% from February. There were 2.9 million barrels of RD and 250,000 barrels of biodiesel shipped to the West Coast in March. Biodiesel shipments were down 37% from February, while RD shipments climbed by 8%.
The advent of California’s Low Carbon Renewable Fuel Standard (LCFS) and the subsequent additional clean fuel standards enacted in Oregon and Washington have incentivized renewable fuel consumption on the West Coast. Due to these programs, RD is almost exclusively consumed within these three states.
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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...