The European Union is expected to take a big step forward on climate policy this week by outlining new or revised regulations within many policy areas. If approved, the EU will be positioned to reduce carbon emissions 55 percent by 2030. The initiatives are expected to have direct impact on supply and demand for biofuels as well as feedstocks and renewable electricity.
Energy Census reports this will likely shake up the Renewable Energy Directive (RED) as a leaked draft proposes that member states may have to require suppliers to meet an unspecified reduction in carbon intensity of the fuel supplied. This would be different from “the volume-based 26% target” that was the preferred option in an earlier version of proposals.
The Energy Census report goes on to say that RED II could end up eliminating the use of multipliers, such as the x4 crediting for electric mobility compared with…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...