Monthly biomass-based diesel (BBD) feedstock consumption in the US hit its second highest volume in July, according to data released by the Energy Information Administration (EIA) on Monday September 30. BBD feedstock consumption remained strong despite capacity falling by 4.3% month on month in July.
BBD capacity pulled back to 6.62 billion in July from the record high of 6.9 billion annual gallons reached in June. The EIA did not specify what production capacity was lost, but the number is close to Vertex’s operating capacity.
Vertex CEO Ben Cowart announced on May 9, “We plan to redeploy our renewable equipment back into conventional production… due to the significant macro[economic] headwinds for renewable [fuels] over the past 12 months, many of which we believe will continue to occur over the next 18 months and beyond.”
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