US packer BFT prices lower in Chicago, steady in Gulf market
Price direction in the animal fats, used cooking oil (UCO) and distiller’s corn oil (DCO) markets was mixed on...
The US Energy Information Administration (EIA) expects biomass-based diesel (BBD) consumption to account for 9% of total distillate fuel consumption in 2024 and 8% in 2025, according to the agency’s monthly Short-Term Energy Outlook (STEO) released on Tuesday October 8.
Total petroleum-based distillate consumption is expected to be up by 2.5 billion gallons in 2025 compared with 2024, without a similar correlated increase in BBD consumption. 2025 BBD consumption is projected at 5.32 billion gallons, down fr...