Biofuel capacity, feedstock demand continued to decline in September: EIA

Biofuel capacity, feedstock demand continued to decline in September: EIA

US biomass-based diesel (BBD) capacity fell to a five-month low of 6.575 billion gallons during September, according to data released on Monday December 2, by the US Energy Information Agency (EIA).

Renewable diesel/other biofuels annual capacity fell by 18 million gallons per year (mmgy) to 4.58 billion gallons, while biodiesel capacity held steady at 1.995 mmgy.

The decline might have been due to scheduled maintenance or ongoing margin concerns, which has been a concern for several months, Fastmarkets heard.

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BBD feedstock consumption reached a seven-month low of 2.9 billion lbs in September, down by 16% in August and by 8% in September.

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