June generation of renewable identification numbers (RIN) under the US Renewable Fuel Standard (RFS) took total 2024 RIN output to 12.07 billion RINs. The overall mandate calls for 21.54 billion RINs to be generated. Production through June is 56% complete with six months to go. June RIN production was 2.03 billion, 2% below May and 1% under June 2023.
The RFS mandate is comprised of four explicit mandates and one implied mandate.
There is the total fuel mandate of 21.54 billion RINs, a cellulosic biofuel mandate (D3) of 1.09 billion RINs, a biomass-based diesel (BBD) mandate (D4) of 4.86 billion RINs (out of 3.04 billion gallons; the RFS assumes 1.6 RINs per BBD gallon), and the advanced biofuels mandate (D5) of 6.54 billion RINs.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...