SASKATOON — Donald Trump’s recent presidential election victory is likely bad news on a couple of fronts for the biofuel sector in the United States, says an industry analyst. Chris Hairel, vice president of consulting with Argus Media, said there are three key biofuel policy issues that could be affected by Trump’s government. Related stories: […] Read more
Tag Archives biofuel — page 4
Use of ammonia as shipping fuel faces challenges
An ammonia bunkering study finds 400 safety risks, while costs are two to four times more than traditional marine fuel
SINGAPORE (Reuters) — At one of the world’s biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another earlier this fall, a key test for its adoption as a marine fuel in the push for cleaner energy. The first cargo ships powered by ammonia are […] Read more
U.S. renewable diesel pressures domestic sector
Falling credit market values will hit cash flow for new projects as American imports to Canada surge in first half of year
NEW YORK, N.Y. (Reuters) — Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard credit market, a trend that is expected to persist amid a flood of exports from the United States. Weakness in British Columbia’s LCFS credit market reflects growing pains […] Read more
Increases in palm oil diesel might impact veg oil prices
Plans to increase the amount of palm oil in Indonesia’s biodiesel fuel supply should support global vegetable oil prices, which in turn should support canola values. But other issues also affect vegetable oil prices, so it’s not certain that values will rise. Indonesia is the world’s largest palm oil producer and exporter. It already has […] Read more
Hurdles remain for canola as U.S. SAF production grows
Government says sustainable aviation fuel production and imports increased to 52 million gallons in the first half of 2024
SASKATOON — The United States is making progress on its ambitious sustainable aviation fuel target, which could help bolster the country’s demand for imported canola oil. President Joe Biden’s administration set a target of producing three billion gallons of SAF by 2030. Related stories: The U.S. Department of Energy (DOE) reports that the country had […] Read more
Used cooking oil pressures soy
SASKATOON — The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst. The U.S. imported 3.2 billion pounds of UCO through the first eight months of 2024, which is double the volume for the same period one year ago. […] Read more
No end seen for WTO’s dispute settlement woes
The U.S. shut down the appeal process in 2019, and the country is expected to keep standing in the way of reform
SASKATOON — Don’t hold your breath waiting for a fix to the World Trade Organization’s hobbled dispute settlement mechanism, says a trade expert. The WTO has set a December deadline for coming to an agreement on dispute settlement reform. Related stories: “I doubt that will happen,” said Sharon Bomer Lauritsen, an agriculture trade policy consultant […] Read more
Canola price likely unaffected by Israel-Iran tension
SASKATOON — Canola growers are not likely to be huge beneficiaries of rising crude oil prices caused by mounting tensions in the Middle East, says an analyst. “It’s a supportive factor, but it can’t drive the oilseed sector higher just by itself,” said MarketsFarm analyst Bruce Burnett. Related stories: West Texas Intermediate (WTI) crude oil […] Read more
U.S. ag secretary rejects biofuel restrictions
Farmers and politicians want biofuel tax credits available only to feedstocks that are produced in the United States
SASKATOON — Canada’s canola sector has a powerful ally in the feedstock fight that has broken out in the U.S. biofuel industry. Forty-one members of the U.S. House of Representatives recently sent a letter to the Treasury Department urging that the final guidance for the Section 45Z Clean Fuel Production Tax Credit restrict eligibility to […] Read more
EU pressured to ease deforestation regulation
European Union was expected to need more canola once it began restricting imports of products linked to deforestation
SASKATOON — The European Union is coming under increasing pressure to delay and to soften its proposed deforestation regulation. And that could “limit the upside” canola exporters were anticipating because of the new law, says an analyst. Related stories: The regulation will ban the import of products linked to the destruction of the world’s forests, […] Read more
