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President Trump signs USMCA trade deal into law, Canada to follow

Photo: The American Soybean Association

January 29, 2020

BY Ron Kotrba

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Biofuel groups urge flexibility in 45Z CSA requirements

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By Erin Voegele

10 hours ago

FeedstocksPolicy

The USDA on Oct. 15 held a third virtual listening session as part of its public consultation on climate-smart ag for biofuel feedstocks. During the event, biofuel groups advocated for flexibility in CSA requirements for the 45Z credit.

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The USDA on Sept. 30 published a final rule implementing several policy and procedure revisions for its OneRD Guarantee Loan Program, which houses several of the agency’s loan programs, including the Rural Energy for America Program.

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Terviva Inc. on Oct. 15 announced its investment from Chevron Renewable Energy Group. Together, the two companies expect to scale Terviva’s pongamia-growing operations and drive greater availability of pongamia as a biofuel feedstock.

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Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of UCO and tallow, according to CoBank.

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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 Oct. 11. The outlook for soybean oil prices is also unchanged.

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