*Please Note – Bob Lane was out of the office today and will return on Monday, May 22, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
On May 15, the U.S. Environmental Protection Agency (EPA) sent its final rule regarding renewable volume obligations (RVO) for the next three years to the White House Office of Management and Budget for review. Absent any delays, this is the final step before the rule is officially published by June 14.
Released in December 2022, the proposed draft rule would increase biofuel blending volume requirements through 2025 under the Renewable Fuel Standard (RFS). It calls for an overall blending mandate of 20.82 billion gallons in 2023, 21.87 billion gallons in 2024 and 22.68 billion gallons in 2025. The rule also proposes requiring refiners to buy newly classified “e-RINs” from makers of electric cars.
Although several biofuels groups have asked the…
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...