Cellulosic Renewable Identification Number (RIN) credit prices fell sharply on Friday December 6 due to the US Environmental Protection Agency (EPA) proposing a partial waiver of the 2024 cellulosic biofuel volume and an extension of the 2024 compliance deadline.
On Thursday December 5, the EPA proposed to partially waive the 2024 cellulosic biofuel volume under the Renewable Fuel Standard (RFS) due to a shortfall in cellulosic biofuel production. As a result of the late waiver proposal, the EPA is also proposing to extend the 2024 compliance reporting deadline.
The filing comes nearly a month after cellulosic RINs dropped sharply on the November 13 news that the EPA had sent a volume adjustment notice to the US Office of Management and Budget (OMB) that would reduce the cellulosic mandate.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...