June 21, 2022
BY Erin Voegele
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The USDA released its latest Crop Production report on Nov. 8, reporting reduced forecasts for 2024 soybean production and yields. Both production and yields, however, are up significantly when compared to last year.
The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Nov. 8. The U.S. season-average price for soybean oil was revised up 1 cent per pound.
U.S. operable biofuels capacity was at 24.9 billion gallons per year in August, down slightly from the previous month, according to data released by the U.S EIA. Feedstock consumption was up when compared to the previous year.
In proceedings before California energy and environmental agencies, the Engine Technology Forum called on policymakers to recognize the continued importance of advanced renewable biodiesel fuels.
Cathay has announced its Corporate Sustainable Aviation Fuel (SAF) Programme has achieved significant growth this year. The program partners together in 2024 have committed to using 2,650 metric tons of SAF (equal to 906,000 U.S. gallons).