In early February, World Energy paused biodiesel production while evaluating the market. World Energy is the second largest producer of biodiesel in the U.S. with nameplate capacity above 200 million gallons a year.
Following an end of the year surge in biodiesel output, economics and a hangover in supply caused production to slow, giving many producers the opportunity for planned maintenance and a chance to evaluate the economics of production, given low 2022 RIN values.
December biodiesel consumption reached 216 million gallons, of which, 165 million gallons were from domestic production. During January, biodiesel consumption slipped to 103 million gallons, with 90 million gallons coming from domestic production.
Lack of biodiesel production has slowed the decline in crude glycerin prices, which many market participants believe should…
12.31.2024
US consumed 5 billion gallons of RD, biodiesel in 2024: CFAA
The US is on track to consume more than five billion gallons of biodiesel and renewable diesel for the first time, the Clean Fuels Alliance America (CFAA) said in...
12.31.2024
Market activity remains muted amid New Year’s holiday
The US animal fats and oils markets were unchanged on Tuesday December 31, as market activity remained muted amid the New Year's holiday.
Prices for choice white grease...
12.31.2024
US weekly soybean, wheat, corn export inspections drop
Weekly export inspections
Export inspections of US grains showed a decline for corn, soybean and wheat in the week to December 26, according to data from the USDA released...