The Short Term Energy Outlook (STEO) for July from the US Energy Information Administration (EIA) showed an increase in renewable fuel blending expectations during 2024 for biodiesel, renewable diesel and ethanol.
This could lead to more generation of renewable identification numbers (RINs) this year, Fastmarkets heard on Friday July 12.
The Renewable Fuel Standard (RFS) renewable volume obligations (RVOs), issued by the Environmental Protection Agency (EPA), provide percentage standards that are applied to the initial mandated blending forecast at the time of release.
The percentage standards translate into volumes based on the estimated consumption forecast of gasoline and diesel in the US. The actual RVOs become known over time but use the same percentage standards applied to the original mandate, which created the initial volume expectations.
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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...