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EIA: RIN prices for ethanol, biomass-based diesel remain high

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By U.S. Energy Information Administration

July 13, 2022

PolicyBusiness

The prices of RIN credits—a compliance mechanism used for the RFS program administered by the U.S. EPA—have remained high in 2022. So far this year, D4 RINs peaked on April 28 at $1.91 per gallon and D6 RINs peaked on June 7 at $1.68 per gallon.

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U.S. fuel ethanol production fell nearly 4 percent the week ending July 8, according to data released by the U.S. Energy Information Administration on July 13. Ethanol stocks expanded by nearly 1 percent.

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The prices of RIN credits—a compliance mechanism used for the RFS program administered by the U.S. EPA—have remained high in 2022. So far this year, D4 RINs peaked on April 28 at $1.91 per gallon and D6 RINs peaked on June 7 at $1.68 per gallon.

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Clean Fuels Alliance America on July 13 wrote to President Joe Biden and other administration officials to highlight the biodiesel and renewable diesel industry's contribution to job growth in the clean energy sector.

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U.S. biofuels consumption has risen in 2022 and that growth is expected to continue, according to the U.S. EIA's latest Short-Term Energy Outlook, released July 13. Renewable diesel is expected to account for much of the increase.

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In a move designed to provide additional, efficacious solutions for growers of traditional row crops, Certis Biologicals and Novozymes are jointly developing their technologies as solutions for highly effective control of fungal disease.

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Ahead of a USDA agricultural trade mission to the U.K., U.S. Grains Council staff met with government and industry officials in Paris and Brussels to assess the status of ethanol in the EU and to further share the benefits of U.S. ethanol.

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In a move designed to provide additional, efficacious solutions for growers of traditional row crops, Certis Biologicals and Novozymes are jointly developing their technologies as solutions for highly effective control of fungal disease.

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For the first time in aviation history a CORSIA certified batch of SAF was delivered to a commercial airline. Neste delivered a batch of its Neste MY Sustainable Aviation Fuel to American Airlines at San Francisco International Airport.

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Michael Lu, U.S. Grains Council's director in Taiwan, discussed the benefits of ethanol blended fuels at the International Trend of Net Zero and Low-Carbon Technology Development Forum, an event organized by the Taiwan EPA and EDF in June.

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European ethanol producer CropEnergies AG on July 6 released financial results for its fiscal first quarter, reporting higher ethanol production volumes, increased revenues and improved operating profit.

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The Michigan Soybean Committee has announced formation of the Michigan Advanced Biofuels Coalition (MiABC), which promotes the use of advanced biofuels, including biodiesel, renewable diesel and sustainable aviation fuel (SAF).

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Neste and World Fuel Services (World Fuel) announce that World Fuel is now an authorized branded distributor of Neste MY Sustainable Aviation Fuel. Paris-Le Bourget Airport is the first location in France where World Fuel delivered Neste's SAF.

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Aemetis Inc., an RNG and renewable fuels company, on July 8 announced the purchase of 24 acres, known as “Parcel B� on the Riverbank Industrial Complex site, to develop a carbon capture and sequestration (CCS) injection well.

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The European Commission on July 7 announced charges against Belgium-based Alcogroup SA, and Sweden-based Lantmännen ek för, along with their relevant subsidiaries, over alleged ethanol benchmarks cartel.

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RFA: Ethanol safety training coming to Ohio

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By Renewable Fuels Association

July 08, 2022

Local safety personnel, emergency responders and all others in the Akron, Ohio, area are invited to an ethanol safety training course on their choice of July 20, 21, or 22, according to the Renewable Fuels Association.

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The European Parliament on July 7 voted 334 to 95 to adopt draft rules for the ReFuelEU initiative, which aims to require sustainable aviation fuel (SAF) to account for at least 85 percent of EU aviation fuel by 2050.

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The U.S. exported 147.06 million gallons of ethanol and 966,108 metric tons of distillers grains in May, according to data released by the USDA Foreign Agricultural Service on July 7. Exports of ethanol were up when compared to May 2021.

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U.S. fuel ethanol production fell by nearly 1 percent the week ending July 1, according to data released by the U.S. Energy Information Administration on July 7. Ethanol stocks were up more than 3 percent.

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Labor organizers and unions in Oregon have rallied together to endorse Next Renewable Fuels' proposed $2 billion renewable diesel project at Port Westward. The project is expected to create 3,500 construction jobs and 240 permanent jobs.

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The U.S. exported 100,259.3 metric tons of biodiesel and biodiesel blends of B30 and greater in May, up from both 70,214.1 metric tons in April and 82,320.3 metric tons in May 2021, according to data released by the USDA FAS on July 7.

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UNICA, the Brazilian sugarcane industry association, has announced ethanol production picked up during the first half of June. Total production for the current harvest season, however, is down when compared to last year.

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The government of India on July 4 announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends, according to a notice published by the Ministry of Finance.

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U.S. operable production capacity for ethanol and renewable diesel expanded in April, while biodiesel capacity fell slightly, according to data released by the U.S. EIA on July 5. Feedstock consumption was up when compared to April 2021.

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Kohler Power Systems, part of Kohler Co., has announced that its entire offering of mission-critical diesel generators is compatible with hydrotreated vegetable oil (HVO). No adaptations to the installed generators are required.

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The government of India on July 4 announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends, according to a notice published by the Ministry of Finance.

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U.S. operable production capacity for ethanol and renewable diesel expanded in April, while biodiesel capacity fell slightly, according to data released by the U.S. EIA on July 5. Feedstock consumption was up when compared to April 2021.

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Following the EU Council of Ministers agreement on a General Approach for the revision of car and van CO2 standards, ePURE Director General David Carpintero called on the Commission to take into account the GHG benefits of ethanol.

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The U.S. Department of Energy on June 28 released its 2022 U.S. Energy and Employment Report, which includes new data on employment in the biofuels and bioenergy sectors. In general, employment in these sectors was up when compared to 2020.

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OPINION: The answer is simple: Ethanol

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By Robert White, vice president of industry relations, Renewable Fuels Association

July 05, 2022

It's no secret that gas prices are the highest they have ever been. Fortunately, there is a simple solution to help solve this problem for consumers at the pump: fueling with higher blends of ethanol, says RFA's Robert White.

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