The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion renewable identification number (RIN) credits. December biomass-based diesel production was up by 23% compared with November, helping to lead the rally.
December US renewable fuel consumption was up by 11% from November, pushing total 2024 Renewable Fuel Standard (RFS) production to 21.64 billion gallons, according to EPA Mandated Transaction System (EMTS) data released on Friday January 17. This exceeded the 2024 total RFS mandate of 21.54 billion gallons.
The RFS mandate is comprised of four specific mandates and one implied mandate.
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01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...