In Texas, Argus has extended its Argus Open Markets (AOM) real-time electronic price discovery platform to biodiesel in New York Harbor. A trade was initiated on the opening day of operation, 30 April, the first recorded for AOM in the US, and the platform has seen market activity on every subsequent day. The AOM platform offers […]
In France, the European rapeseed oil market is one of the largest vegetable oil markets in the world, playing a crucial role in food, feed and bioenergy. Vegetable oil-based derivatives volumes have been rising, in part due to the growing importance of bioenergy markets such as biomass-based diesel and ethanol used in transportation, as well […]
In Missouri, the Sustainable Advanced Biofuel Refiners (SABR) Coalition, a national biodiesel trade association made up of over 70 organizational members throughout the biodiesel value chain, sent a letter April 29 to congressional leaders urging them to retroactively reinstate the biodiesel blenders tax credit (BTC) from Jan. 1, 2025, through Dec. 31, 2026. The expiration […]
In India, Universal Biofuels received multiple orders for an aggregate of $31 million for the delivery during May, June and July of more than 33,000 kiloliters of biodiesel to the three government-owned Oil Marketing Companies (OMCs). Additional OMC orders are expected throughout the year in order to continue shipments to fuel blending terminals on an […]
In Louisiana, Farm Progress reports that farmers along the southern and Midsouth regions of the Corn Belt are having success growing winter canola with plans to produce more this year, in time to supply Bunge Chevron Ag Renewables’new plant in Destrehan, La. With Bunge focused on farmers who can access ports along the Mississippi, the […]
In Germany, biodiesel consumption for blending purposes has declined steadily since July 2024. In the second half-year, usage fell to an alltime low. In December 2024, biodiesel use for blending to meet greenhouse gas reduction targets dropped to a historic low of 90,800 metric tons. This compares to approximately 107,000 tons in November. According to […]
In Brazil, Reuters reports Abiove expects the government to allow for a return to the planned biodiesel blending increase to 15% thanks to falling biodiesel prices. The government decided in February to keep the mandate at 14% due to high prices, which negatively impacted President Lula’s approval ratings. The industry has already increased crushing in […]
In Brazil, Platts reports that increased demand for biodiesel blending domestically has soaked up a lot of surplus soybean oil that would have typically been available for export. US Foreign Agricultural Service data showed that despite a record soybean crop last season, export availability of soybean oil remained steady at 1.3 million metric tons. Oil […]
In Argentina, Reuters reports the government increased the price for biodiesel to $1,111.37 from $1,071.27 last week in addition to increases in ethanol prices for both sugarcane- and corn-based fuels to nearly 72 cents and 66 cents, respectively. The government regularly raises prices for biofuels to compensate for the high inflation the country suffers from […]
In Illinois, a bipartisan bill passed in 2022 to promote the use of higher biodiesel blends is making a significant impact once again in 2025. Effective April 1, biodiesel blend requirements will increase from B14 to B17, marking another step toward advancing cleaner fuel options. The Illinois Soybean Association extends its thanks to the key […]
