March 8, 2017
BY Iowa Renewable Fuels Assoc.
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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.
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.
Perdue Farms, in collaboration with the Maryland Soybean Board and Optimus Technologies, announced the deployment of six Volvo trucks powered by 100% biodiesel (B100) to transport fresh chicken.