Glacier FarmMedia – The Imperial Strathcona Refinery in Alberta is receiving a 12 per cent tax credit for its $720 million under-construction canola-based renewable diesel facility that is said to need millions of tonnes of canola seed per year. The credit comes from the Province of Alberta’s Agri-Processing Investment Tax Credit, which offers a 12 […] Read more
Tag Archives renewable diesel fuel
Renewable diesel facility to run on Alberta canola
Imperial receives 12 per cent tax credit for Strathcona-based agri-processor
Petroleum increases its influence on crop prices
The connection began with biodiesel and has risen with the production of renewable diesel and sustainable aviation fuel
The job of a grains and oilseeds analyst has become more complicated. “We can’t look at ag commodities in isolation anymore,” said Owen Wagner, senior analyst with Rabobank. “We always have to have an eye on petroleum in the background.” The link between those commodities started in 2006-07 when 10 percent of the soybean oil […] Read more
Soy oil price continues to slide
A technical analysis had DTN lead analyst Todd Hultman thinking soybean oil futures were going to finish October by closing above the 20-day average of US54 cents per pound. That would have signaled a bottoming out in prices and a bullish change in short-term momentum. That did not happen. Prices continued to fall, closing at […] 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
Clean energy decision could soon impact oilseed markets
June promises to be momentous for the oilseed market, including canola, and for the future of bio-based diesel and aviation fuel as American lawmakers make several important decisions. The U.S. Environmental Protection Agency last week sent to the White House its final rule regulating biofuel blending for 2023-25. The first public release of the EPA’s […] Read more
Canola oil use takes big leap in U.S.
There was a huge uptick in canola oil usage in the United States in January. An estimated 109,769 tonnes of the product was consumed, a 42 percent increase over the previous month, according to the U.S. Energy Information Administration. Canola oil accounted for 16.4 percent of total vegetable oil use in the U.S. biofuel sector […] Read more
Canola risks exceeding food vs. fuel target
Sector’s goal of limiting industrial use to less than 10 percent looks increasingly unlikely as renewable diesel booms
The food vs. fuel debate is resurfacing as North America’s oilseed sector braces for surging demand from the burgeoning renewable diesel industry. The issue was raised during a question-and-answer session at a recent biofuels presentation hosted by the Canadian Canola Growers Association. “In light of the present crisis in the world food stocks, how can […] Read more
Renewable fuel sector could be devastated
Canada’s biodiesel and renewable diesel sectors will be obliterated by a new subsidy program in the United States unless the Canadian government responds in kind, say two lobby groups. The industry suffered a huge blow last year when U.S. president Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA). One of the […] Read more
FCL unveils ‘energy road map’
How does an organization best known for manufacturing and distributing fossil fuels remain relevant and profitable in Canada’s emerging green economy? For Federated Co-operatives Ltd., the transition starts with an ambitious plan and a bulk tank full of investment capital. At the recent Food Fuel and Fertilizer Business Summit in Saskatoon, executives from FCL shared […] Read more
Imperial Oil announces plan for renewable diesel plant
Construction of yet another renewable diesel plant is underway in Western Canada. On Jan. 26, Imperial Oil Canada confirmed it plans to build a $720 million renewable diesel facility at its Strathcona refinery near Edmonton. The plant, when fully operational, will produce more than one billion litres of renewable diesel per year, or 20,000 barrels […] Read more
