June 28, 2023
BY LanzaTech
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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.
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.
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.
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.”
The International Air Transport Association on June 6 announced its analysis shows global SAF production is expected to reach approximately 2.4 million metric tons (792.6 million gallons) this year, accounting for 0.8% of total aviation fuel use.