Biomass-based diesel markets were quiet on Tuesday November 26 ahead of the US Thanksgiving holiday.
Biofuel markets in general have slowed ahead of the implementation of the Clean Fuel Production Credit (CFPC) on January 1, 2025. The CFPC will replace the Blender’s Tax Credit.
In addition to reducing the available credit for many US producers, the CFPC cannot be earned by foreign producers. Across the biofuels, reduced imports could have a huge effect on markets.
Renewable diesel that generates renewable identification numbers (RINs) is predominantly made within the US, but imports make up around 20% of the US biodiesel supply and two-thirds of the US sustainable aviation fuel (SAF) supply.
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11.26.2024
Biomass-based diesel market quiet ahead of US holiday
Biomass-based diesel markets were quiet on Tuesday November 26 ahead of the US Thanksgiving holiday.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.26.2024
BFT prices climb as some DCO markets trend lower
Bleachable fancy tallow (BFT) prices rose again on Tuesday November 26 during another relatively quiet trade session while the market slows ahead of the Thanksgiving holiday in the US.
11.26.2024
Sluggish trade ahead of Thanksgiving; October broiler slaughter well above 2023
Trade values below the current ranges were indicated on meat and bonemeal, although reported trades were still rangebound on the day.
Fastmarkets assessed the price of poultry by-product...