The Trump administration on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next two years, driven by a surge in biomass-based diesel mandates.
Tag Archives biodiesel
US EPA proposes higher biofuel blending volumes through 2027
ICE Canada Weekly: Canola to move with the weather
Announcement pending on 45Z biofuel tax credit
As May winds down the prospect of rain saw canola futures on the Intercontinental Exchange fall back on May 28, with the old crop July contract taking the biggest hit.
US oil, biofuel group recommends 5.25 billion gallons in biomass diesel mandates, sources say
A U.S. and biofuel coalition recommended that the Environmental Protection Agency propose federal mandates for biomass diesel blending for 2026 at 5.25 billion gallons, which would be a significant increase from previous mandates, two sources familiar with the matter said.
Oil and biofuel coalition to meet with U.S. Environmental Protection Agency
A coalition of oil and biofuel groups will meet with the U.S. Environmental Protection Agency on Tuesday to make the case for higher federal mandates for biomass diesel blending, according to three sources familiar with the plans.
North American biofuels sector contracts amid trade and policy uncertainty
U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Donald Trump's approach to green fuel subsidies and the potential for a worsening trade war.
USDA announces new interim rule for biofuel guidelines
The U.S. Department of Agriculture announced a new interim rule on Jan. 15, 2025 to aid production of biofuel feedstock crops as well as promote climate-smart agriculture.
U.S. Treasury releases guidance on clean fuels tax credits
The United States Department of the Treasury together with the Internal Revenue Service released much-anticipated short-term guidance on tax credits for biofuels on Jan. 10, giving the soyoil market a boost to end the week.
US biofuel producers ramped up in Oct as profitability improved, data shows
U.S. renewable diesel producers utilized 77 per cent of their total operable capacity in October, the highest since July 2024, the data showed. Biodiesel plant utilization rose to 89 per cent, the highest since June 2023.
Trump trade policy seen as wild card for US soybean farmers, opportunity for crushers
American farmers are worried that President-elect Donald Trump's sweeping tariff plans will curb their access to top soy buyer China, but tariffs could also lure companies to build more U.S. crushing plants, hungry for domestic supplies.
Canada’s renewable diesel projects hit by US import surge
Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States.
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