A poor market environment and lack of clarity regarding the Clean Fuel Production Credit (CFPC) may have had an impact on several biofuel producers, causing either a suspension of operations or an exit from the industry.
On May 9, US refiner Vertex Energy announced its decision to suspend renewable diesel production at its refinery in Mobile, Alabama. This echoes Chevron’s March 1 decision to suspend roughly 77 million gallons of capacity. Economic indications are expected to pressure additional plant closures in coming months.
According to investment bank UBS, almost all petroleum refiners are now invested in renewable diesel production, and these assets are under pressure from an earnings standpoint, due to overcapacity.
Many refiners have had a year of straight losses and will need to decide if they really want to remain in the business.
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01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...