Renewable Identification Number (RIN) Prices: Going Over the Cliff
An interesting new article from Reuters on the current travails of the US renewable diesel industry was published this week. The article is not only informative, but it is also helpful in settling a debate that has been rattling around the biofuel and investment sectors for the last year. In particular, the article summarizes the earnings hit […]
Volvo Expands Range Trucks Powered by 100% Biodiesel
A full range of new Volvo truck models can now be powered by 100% biodiesel (B100), offering another renewable fuel choice for customers looking to reduce CO2 emissions from transport here and now. Volvo Trucks is expanding its model offers adapted for biodiesel B100. This is yet another move in line with the company’s strategy […]
Michigan House Considering Biodiesel Production and Retail Sale Tax Credits
Biodiesel supporters are asking Michigan lawmakers to pass a tax incentive to accelerate production and availability of the fuel. Michigan Soybean Association’s Ben Steyer says while two plants in the state produce more than 16 million gallons of biodiesel annually, it is not easily accessible. “A recent survey of 250 retail fuel stations across Michigan […]
Clean Fuels Take on 40B SAF-GREET Release
The much-anticipated user interface to calculate the 40B SAF Blenders Tax Credit using Argonne’s GREET model was released on April 30. The good news is that all the Clean Fuels’ HEFA feedstocks should qualify under the tax credit in some capacity. Using the GREET methodology, all feedstocks except canola will qualify, while canola can meet […]
American Trucking Association, Eight Others Ask EPA to Adjust RFS Volumes
Renewable fuel production targets set by the U.S. Environmental Protection Agency under the Renewable Fuel Standard (RFS) are too low to sustain the sector and have resulted in shuttered biofuel companies, a consortium of trade associations stated in a letter to EPA Administrator Michael Regan asking the agency to promulgate more accurate standards to encourage […]
EIA February Update: U.S. Biofuel Capacity Down Slightly While Feedstock Consumption Up
Total U.S. biofuels operable production capacity fell slightly in February, according to data released by the U.S. Energy Information Administration (EIA) on April 30. Feedstock consumption was up when compared to both the previous month and February 2023. Total biofuels production capacity was at 23.721 billion gallons per year in February, down 39 million gallons […]