September 19, 2017
BY NNFCC Ltd.
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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest WASDE report, released June 11. The agency revised up its estimate for the volume of soybean oil used to produce biofuel in 2025-’26.
U.S. Agriculture Secretary Brooke Rollins reiterated support for E15 and confirmed that release of USDA feedstock guidance related to the 45Z clean fuel production credit is imminent during a June 10 hearing held by the Senate Agriculture Committee.
Compliance credits for biomass-based diesel and ethanol have doubled in value since the start of this year. The credits, known as RINs, have increased in price, mostly because of higher U.S. biofuel blending targets.
U.S. Agriculture Secretary Brooke Rollins on June 4 confirmed that release of the USDA’s feedstock guidelines to inform 45Z clean fuel production credit implementation “is imminent” with release scheduled for “this summer.”
The International Air Transport Association on June 6 announced its analysis shows global SAF production is expected to reach approximately 2.4 million metric tons (792.6 million gallons) this year, accounting for 0.8% of total aviation fuel use.