U.S. biodiesel production reached 159 million gallons in December 2020, up from 151 million gallons the previous month and up from 133 million gallons in December 2019, according to data released by the U.S. Energy Information Administration on Feb. 26. Production came from 85 biodiesel plants with a combined capacity of 2.5 billion gallons per year. Production for the full…
The Brazilian National Energy Policy Council on Nov. 18 published a resolution that allows imported soybeans and imported soybean oil to be used to produce biodiesel. It is unclear how long the resolution will remain in force. A report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network explains that soybean oil prices in Brazil have been spiraling…
Since the lows recorded in March and April of this year, the price of oilseeds has not stopped rising. Soybeans in Chicago broke the $ 10 per bushel ($ 367 / t) barrier in the closest contract, posting an increase of more than 20% from April lows. The recovery of the price of commodities and the financial markets has had…
The Brazilian government announced on Aug. 13 that the blend requirement for biodiesel sold at the pump will be temporarily lowered from 12 percent to 10 percent for the months of September and October. A statement published by the Brazlian National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the reduction is necessary to ensure domestic supplies of diesel…
After a lengthy review, the U.S. Department of Commerce decided this week to leave duties in place on biodiesel imports from Argentina. Argentina's biodiesel industry received a second look from the U.S. Commerce Department in November 2018, on its decision to penalize the country's biodiesel exports to the United States with antidumping and countervailing duties. Such a review typically takes…
The U.S. EPA released its final rule for the 2020 Renewable Fuel Standard and biomass-based diesel volumes for 2021. Disappointingly, the agency left the 2021 biomass-based diesel volumes at 2020 levels, or 2.43 billion gallons, while slightly increasing the 2020 advanced biofuel targets from its proposed 5.04 billion ethanol-equivalent gallons to 5.09 billion gallons - but this only provides growth…