A bipartisan bill to extend the $1-per-gallon biodiesel tax credit was introduced to the House of Representatives on July 18. The bill was sponsored by representative Mike Carey of Ohio, along with representatives Ann Kuster and Claudia Tenney. The measure was referred to the House Committee on Ways and Means.
Postponing the move from the blenders tax credit (BTC) to the Clean Fuels Production Credit (CFPC) could provide a measure of relief for the industry. Many market participants have previously speculated this would be an impossible task, given that a deeply divided Congress would have to come together and pass the resolution. The legislation will test this view.
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02.27.2025
CWG prices fall; broader animal fats markets steady
The US animal fats and oils markets were steady on Thursday, February 27 on slowing month-end activity, while sentiment remained under pressure from macro factors, including weaker soybean oil...
02.27.2025
Bloodmeal prices jump on limited spot supply
Ruminant bloodmeal traded higher on Thursday February 27, up to $1,425 per short ton FOB Missouri River and Texas Panhandle.
Strong demand in a tight spot supply market...
02.27.2025
High feedstock cost continues squeezing European biofuel production margins
European biofuel feedstock prices remained broadly stable in the week to Thursday February 27, applying additional pressure on biofuel production margins, with the spread between used cooking oil (UCO)...