With 10 months of Renewable Fuel Standard (RFS) production accounted for in 2023, RIN generation for the various “D” categories has been a mixed bag.
RIN generation within the D3 cellulosic code has been lacking, with only 568 million RINs produced over the first ten months of the year. RIN production is 15 percent above 2022 volume through the same period, but it trails the current mandate. The mandate was originally stated as 840 million gallons but based on the percentage mandate, and shifting fuel consumption, the mandate is now expected to be closer to 830 million gallons. Based on ten months of production, it appears the D3 category could fall short of meeting the mandate.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...