Daily Charts
Small Refinery Exemptions Rejected
The EPA has yet to update their “RFS Small Refinery Exemptions” dashboard which shows a total of 98 pending small refinery exemptions (SREs), 67 of which are gap-year requests, 28 are for 2019, and three are for 2020. However, Reuters is reporting the Trump Administration on Monday rejected scores of SRE requests from refiners. If they had been granted, they would have spared refiners from retroactive blending obligations and, more importantly, set them up to continue receiving waivers in the future.
During the Trump’s tenure, waiver petitions had grown from 14 to a peak of 42 in 2018, while petitions granted climbed from seven to 35. The exemptions reduced the amount of renewable fuel that was obligated to be blend with transportation fuel. In 2015, 290 million gallons of renewable…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...