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The price of feedstock is the largest expense facing biofuel producers and rising feedstock costs are having an impact. Soybean oil has been the most widely consumed feedstock, but canola oil demand has been on the rise due to a pathway creation into renewable diesel production. This has made it an increasingly popular feedstock for 2023.
Producers of biodiesel and renewable diesel consumed 9.1 billion pounds of soybean oil in 2021, 10.5 billion pounds in 2022, and are projected to use up to 13 billion pounds in 2023. Total feedstock consumption increased 21 percent in 2022 to 22.4 billion pounds and could rise 40 percent in 2023, to over 30 billion pounds.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...