May 17, 2022
BY Geoff Cooper
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Iowa biodiesel producers on Sept. 20submitted a letter urging the U.S. Department of Treasury to take immediate action in issuing safe harbor guidance for the 45Z Clean Fuel Production Credit. according to the IRFA.
The U.S. EPA has announced that 2.06 billion RINs were generated under the RFS in August, down from 2.07 billion generated during the same month of last year. Total RIN generation for the first eight months of 2024 reached 16.49 billion.
The U.S. EPA on Sept. 19 released updated SRE data, reporting that two new SRE petitions were filed under the RFS during the past month. A total of 50 SRE petitions are now pending, up from 48 that were pending as of mid-August.
A report filed with the USDA FAS Global Agricultural Information Network discusses how China’s domestic biobased-diesel industry has been impacted by the European Union’s provisional antidumping duties on biodiesel and renewable diesel.
Brazilian biodiesel production is expected to increase 18% this year, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network on Aug. 31. Consumption is also forecast to be up 18%.