SOURCE: U.S. Energy Information Administration
November 8, 2024
BY Erin Voegele
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The U.S. EPA on Dec. 19 released data showing that 2.03 billion RINs were generated under the RFS in November, up from 2.01 billion generated during the same month of 2023. Nearly 22.9 billion RINs were generated during the first 11 months of 2024.
The U.S. DOE has announced $52 million in funding for six university and industry projects to advance the production of low carbon intensity, purpose-grown energy crops critical to accelerating a clean energy bioeconomy.
CoBank predicts that U.S. production of renewable diesel and associated fuels will experience a modest boost in 2025 but cautions that policy uncertainty looms over administration of the RFS program, SREs and the impact of potential tariffs.
Parkland announced it has successfully produced Canada’s first batch of low carbon aviation fuel (SAF) at its Burnaby Refinery in British Columbia. The fuel was primarily produced from non-food grade canola oil and tallow feedstocks.
The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 10. The estimate for 2023-’24 soybean use in biofuel was revised down.