Biomass-based diesel markets were quiet on Tuesday November 26 ahead of the US Thanksgiving holiday.
Biofuel markets in general have slowed ahead of the implementation of the Clean Fuel Production Credit (CFPC) on January 1, 2025. The CFPC will replace the Blender’s Tax Credit.
In addition to reducing the available credit for many US producers, the CFPC cannot be earned by foreign producers. Across the biofuels, reduced imports could have a huge effect on markets.
Renewable diesel that generates renewable identification numbers (RINs) is predominantly made within the US, but imports make up around 20% of the US biodiesel supply and two-thirds of the US sustainable aviation fuel (SAF) supply.
Daily charts
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