Several years ago, renewable diesel (RD) margins enticed the oil industry to invest heavily in the sector. Today, in late June 2024, nearly all refiners are operating RD plants, most of which are under pressure from an earnings standpoint due to overcapacity.
Several first-quarter earnings calls cited economic headwinds, arising from lower renewable identification number (RIN) and low carbon fuel standard (LCFS) credit pricing, as being problematic for the industry.
Fastmarkets’ credit data shows that the first-quarter D4 RIN average was 58 cents per RIN. The LCFS credit average was $64 per ton.
The prices for these credits failed to improve during the second quarter, with RINs averaging 51 cents and LCFS credits $52. The market is unlikely to see improved earnings during the second quarter.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...