Renewable Fuel Credit Prices May Rise Following Friday’s SRE Decision
The EPA announced the action of denying 26 petitions from small refineries seeking small refinery exemptions (SREs) from the Renewable Fuel Standard (RFS) Program. The action removes all but two outstanding SRE petitions for compliance years spanning 2016 through 2023.
The RFS requires oil refiners to either blend billions of gallons of biofuel into the nation’s fuel mix, or to purchase tradable credits from other blenders or producers. The EPA has been known to award exemptions to some small refiners that have been able to prove that compliance with the program, i.e. buying credits, causes undue harm.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...