Feedstock providers and biofuel producers in the US have been resistant to the proposed amendments by the California Air Resources Board (CARB) to cap the use of canola and soybean oil (SBO) at 20% of a company’s feedstock mix in meeting the goals of the state’s Low Carbon Fuel Standard (LCFS).
But if implemented, the cap could lead to additional canola use, sources told Fastmarkets.
In the US, soybean oil has been the most widely used feedstock in biofuel production, averaging nearly 50% of all feedstocks used through mid-2022 and reaching a high of 60% in 2020. Since then, soybean oil’s percentage share of the feedstock mix has been steadily declining, averaging only 34% in 2024.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
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US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
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