Biofuel News
Biodiesel Prices and Profits…Again
In a previous farmdoc daily article (November 13, 2023), we showed that the behavior of FAME biodiesel prices reported by the Agricultural Marketing Service (AMS) of the USDA changed dramatically starting in August 2021. Before this date, the AMS price and an industry benchmark price provided by OPIS differed, on average, by only a few cents and […]
International Council on Clean Transportation Releases Feasibility Study of Future Energy Options for Great Lakes Shipping
The ICCT report, prepared for the U.S. Department of Transportation Maritime Administration, scrutinizes the feasibility of diverse future energy options for Great Lakes and St. Lawrence Seaway shipping through 2050. It evaluates alternative fuels and power options against a backdrop of environmental regulations and the pressing need for the maritime industry to mitigate greenhouse gas […]
New Assessment Shows Value of Soybean Oil as Low-Carbon Feedstock for Clean Fuels
Study Documents Significant Decrease in Soy’s Life Cycle Carbon Footprint from 2015-2021 A recent Life Cycle Assessment conducted by Sustainable Solutions Corporation (SSC) for the United Soybean Board (USB) and the National Oilseed Processors Association (NOPA) reveals a significant reduction in the carbon footprint of U.S. Soy throughout its cultivation, harvesting, transportation and processing stages. […]
Biofuel Backers Look to Grow Energy Aid in Farm Bill
Renewable energy advocates and soybean growers will be largely playing defense this year on provisions promoting biofuels in the 2024 farm bill fighting for their small piece of the agricultural legislation. The Environmental Protection Agency (EPA) since the 2018 farm bill has gradually increased mandates requiring blending of biofuels in gasoline while a recent climate […]
Senate Introduces Ocean-Going Renewable Fuels Bill
U.S. Senators Pete Ricketts (R-NE) and Sherrod Brown (D-OH) this week introduced the Renewable Fuel for Ocean-Going Vessels Act to allow companies to preserve Renewable Identification Number credits (RINs) under the RFS program for renewable fuel, when the fuel for use is in ocean-going vessels. The legislation designates renewable fuel used in ocean-going vessels as an “additional […]
OPIS: Marine, Rail Sectors Ample Avenues for Renewable Fuels
The marine and rail industries could grow into significant markets for domestic renewable fuels in the future, a group of panelists at the 2024 Clean Fuels Conference said on Tuesday, but state and federal regulators must first create or bolster incentives to do so. “You need incentives for the rail and marine industries that want […]