*Please Note – Bob Lane was out of the office today and will return on Monday, September 25, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
On September 21, the U.S. EPA showed that one new small refinery exemption (SRE) petition had been filed under the Renewable Fuel Standard. The petition was submitted by Placid Refining Company on behalf of its refinery in Port Allen, Louisiana for the 2022 compliance year.
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. These credits are known as renewable identification numbers, or RINs. The EPA can grant exemptions to refiners that can prove that compliance with the program, including buying RINs, has caused them financial hardship.
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...