The biofuel industry could drive canola demand into uncharted territory in the coming decade, says one industry expert. “The capacity of crush could grow from 11.3 million metric tonnes today to 18 million metric tonnes in three or four years,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. Vervaet was among the […] Read more
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!["We're pretty confident there's going to be something in the [federal government's] Fall Economic Statement, but we'll see next week," said Ian Thomson, president of Advanced Biofuels Canada (ABFC). | Getty Images](https://static.producer.com/wp-content/uploads/2023/11/17122957/biofuel-GettyImages-155419399-660x420.jpg)
Biofuel sector hopes for sign from feds
Editor’s note: This story was updated with a link to the federal government’s 2023 Fall Economic Statement on Wednesday November 22, 2023 – the day following its release. Canada’s biofuel and oilseed sectors will be closely scrutinizing the federal government’s 2023 Fall Economic Statement. They hope the Nov. 21 statement provides some indication how Ottawa […] Read more
Canola, soybean growers want in on aviation fuel tax credit
Canola and soybean growers are lobbying to have their crops recognized as eligible feedstocks for the new sustainable aviation fuel (SAF) tax credit in the United States. The credit is contained in the Inflation Reduction Act signed into law by U.S. President Joe Biden last year. The value of that credit will be determined by […] Read more
EPA’s renewable fuel rule called ‘missed opportunity’
The U.S. Environmental Protection Agency has tapped the brakes on the renewable diesel sector and the oilseed industry that feeds it, say analysts and officials. In its final rule on renewable fuel obligations, the EPA made very modest changes to its disappointing proposed rule issued on Dec. 1, 2022. It kept the 2023 biomass-based diesel […] Read more
Sask. canola crushing facility to double capacity
Louis Dreyfus’s expansion plans will allow its processing plant in Yorkton to crush two million tonnes of canola a year
Louis Dreyfus is the latest in a list of companies that see a promising economic future in oilseed crushing.
