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HollyFrontier to convert Cheyenne refinery to renewable diesel

June 3, 2020

BY HollyFrontier Corp.

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June WASDE increases estimate for 2025-’26 soybean use in biofuel production

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By Erin Krueger

2 hours ago

Feedstocks 

The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest WASDE report, released June 11. The agency revised up its estimate for the volume of soybean oil used to produce biofuel in 2025-’26.

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EIA: Higher blending targets drive RIN prices close to record highs

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By U.S. Energy Information Administration

12 hours ago

Compliance credits for biomass-based diesel and ethanol have doubled in value since the start of this year. The credits, known as RINs, have increased in price, mostly because of higher U.S. biofuel blending targets.

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The U.S. EIA increased its forecast for 2026 biodiesel production in its latest Short-Term Energy Outlook. The production forecasts for renewable diesel and “other biofuels,” defined include sustainable aviation fuel (SAF), were maintained.

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The U.S. exported 19,808.6 metric tons of biodiesel and biodiesel blends of B30 or greater in April, according to data released by USDA Foreign Agricultural Service on June 9. U.S. biodiesel imports were at 565.5 metric tons for the month.

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U.S. Agriculture Secretary Brooke Rollins on June 4 confirmed that release of the USDA’s feedstock guidelines to inform 45Z clean fuel production credit implementation “is imminent” with release scheduled for “this summer.”

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