EPA seems to have an ongoing struggle with how they handle implementing the Finalized RVO rules. The Clean Air Act stipulates the final rule needs to be approved and in place by November 30 of the year prior to the rule taking effect. For 2021, that would have been Nov 30, 2020. Proposed rules are often issued in May or June to provide time for comment.
This is not the first time the Renewable Fuel Standard has been operating without RVO’s in place. In 2013 the final rule was not enacted until August of 2013. Then, like now, the market is struggling with ethanol blend wall concerns. EPA followed up the 2013 final rule with a proposed rule for 2014 later in the month.
The 2014 proposed rule stated the EPA was unwilling to push ethanol production past the blend wall. The EPA went as far as lowering the amount of renewable fuel to be blended into the nation’s transportation…
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...