The U.S. Environmental Protection Agency is close to approving a pathway for canola oil to be used in the burgeoning renewable diesel sector, says an industry official. “We could see a proposed rule as early as this month and a final rule as early as July of this year,” said Chris Vervaet, executive director of […] Read more
Tag Archives renewable diesel fuel — page 3
Biofuel industry likely not culprit as feedgrain prices soar
Renewable fuel’s need for corn still has major effect on prices, but broken supply chains seen as bigger cause this time
The push and pull between using crops for food versus converting them for biofuel hasn’t hit the levels of the first decade of this century when sky-high oil prices saw the allure of the latter drive commodity prices higher. Corn prices are once again pushing up at a time when the need for feed is […] Read more
USDA sees little renewable diesel benefit for soybean oil
The department expects little change in oil demand from renewable fuel sector after next year, which puzzles analysts
Analysts generally concur that the burgeoning renewable diesel industry will result in exploding demand for soybean oil through 2030. But there is one notable exception. The United States Department of Agriculture is forecasting static soybean oil demand from the renewable fuel sector after 2022, at about 12 billion pounds per year. “I find that a […] Read more
USDA sees little renewable diesel benefit for soybean oil
Analysts generally concur that the burgeoning renewable diesel industry will result in exploding demand for soybean oil through 2030. But there is one notable exception. The United States Department of Agriculture is forecasting static soybean oil demand from the renewable fuel sector after 2022, at about 12 billion pounds per year. “I find that a […] Read more
Federated secures land in Regina for renewable diesel project
Federated Co-operatives Ltd. has lined up the land it will need to build a renewable diesel plant planned for Regina. The company said last week that the city has approved the purchase of land north of its Co-op Refinery worth $5.48 million. FCL announced plans in March to build the plant, which will employ up […] Read more
Renewable diesel plant eyed for Alta.
(Reuters) — Imperial Oil Ltd., one of Canada’s biggest oil producers and refiners, plans to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Strathcona Refinery near Edmonton. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of low-emissions fuel by 2025. […] Read more
Exxon’s Imperial Oil outlines plan to produce plant-based renewable fuel
Aug 25 (Reuters) – Imperial Oil Ltd, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Strathcona refinery. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of […] Read more
Canola bides its time
In January 2020, the United States National Biodiesel Board announced it was setting an “ambitious target” of doubling biodiesel/renewable diesel production to 22.7 billion litres by 2030. Turns out it wasn’t nearly ambitious enough. The organization thinks the new timeline could be as soon as 2023 due to a plethora of announced expansions and new […] Read more
FCL takes on renewable diesel project
A proposal to build a one billion litre renewable diesel plant on the Canadian Prairies suddenly has the legs it needs to cross the finish line, says the visionary behind the project. Federated Co-operatives Ltd. has purchased the assets of True North Renewable Fuels, a Calgary energy company that recently announced its intention to build […] Read more
Fuel company uses canola oil
In 2020, Parkland had revenues of slightly more than $14 billion. In 2019, the Calgary company sold more than 22 billion litres of petroleum products through its retail, wholesale and commercial operations in Canada, the United States and the Caribbean. Despite its size and hefty revenues, Parkland is not a household name in Western Canada. […] Read more
