Insights and Stories on Renewable Diesel

Jan. 10, 2025 at 4:10 pm CST

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.

By Phil Franz-Warkentin

Jan. 3, 2025 at 2:01 pm CST

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.

By Reuters, Shariq Khan

Nov. 13, 2024 at 12:17 pm CST

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.

By Karl Plume, Renee Hickman, Reuters

Oct. 29, 2024 at 10:05 am CDT

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.

By Nia Williams, Reuters, Shariq Khan

Aug. 9, 2024 at 3:58 pm CDT

American biofuel producers in the first four months of the year imported Canadian canola oil at record pace, and the flow seems set to continue for now according to analysis from Farm Credit Canada. Canada exported nearly 1.4 million tonnes of refined and crude canola oil to the U.S. from January to April.

By Geralyn Wichers