Biodiesel RINs are up six percent from last Monday and 181 percent above a year ago. Ethanol RINs are seven percent higher and trading 227 percent over values from a year ago. EPA and the White House once again pushed back getting the 2021 and 2022 RVO’s in place. The 2021 RVO should have been finalized in November of 2020 and the proposed 2022 RVO should have been released by the end of June 2021. Lack of clarity surrounding renewable volume obligations continues to support elevated RIN Values. Blend wall concerns within the implied ethanol mandate could mean significant volume requirements may fall to the D4 biodiesel/renewable diesel category.
The EPA is concerned and looking to mitigate fallout from refiners claiming to suffer hardship from meeting their obligations. It appears the EPA is struggling to find a way follow statutory guidelines while attempting to…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...