The Supreme Court began hearing oral arguments today over EPA’s authority to exempt small refiners from their obligations to blend ethanol and biodiesel/renewable diesel into the nation’s transportation fuel sector under the Renewable Fuel Standard (RFS). The case centers around the 10th Circuit ruling that stated only small refiners that have continually received waives since 2011 should be eligible for continued exemptions from RFS mandates.
Should the 10Th Circuit ruling be upheld, it would drastically reduce the number of waivers allowed. The prior administration increased waiver use from seven granted in 2016 to 35 in 2018. Renewable volume obligations exempt from RFS blending increased from 790 million RINs to over 1.8 billion. Restricting waiver use would significantly lower gallons and RINs exempt.
The RIN…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...