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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
The renewable diesel boom has fueled a surge in expected soybean crushing capacity and a need for more production of the crop, though the EPA’s proposed Renewable Fuel Standard volumes and declining credit values for California’s Low Carbon Fuel Standard may dampen the fledgling industry’s ambitions.
A consent decree between the Environmental Protection Agency and biofuel trade association Growth Energy has been modified to give the Biden administration until the end of November to finalize its proposal for upcoming renewable fuels blending requirements.
The Environmental Protection Agency is proposing to allow canola oil to be used as a feedstock for renewable diesel and sustainable aviation fuel, potentially providing a new alternative to soybeans at a time when vegetable oil prices are skyrocketing worldwide.
Renewable fuel producers are worried they'll lose their ability to generate Renewable Identification Numbers under the Renewable Fuel Standard, thanks to a forthcoming Environmental Protection Agency rule requiring them to provide the addresses of every restaurant that supplies them with used cooking oil.
A familiar voice in farm policy is reflecting changes in its industry as the 30-year-old National Biodiesel Board plans to change its name – and shift its focus – to place more emphasis on a broader effort to use liquid transportation fuels in carbon reduction efforts.
This is the third part of a four-part series examining the promise of cover crops, the potential for them to meet the nation’s environmental goals that rest on their success, and the possible pitfalls facing policymakers.
The biofuel tax incentives in President Joe Biden’s Build Back Better bill could insure a growing market for soybean oil and other farm commodities, but the trucking industry worries the subsidies will kick off a war with the airlines over feedstocks.
The Democratic-controlled House passes President Joe Biden’s $1.7 trillion Build Back Better bill that includes $82 billion in agriculture provisions aimed at accelerating an historic shift toward climate-related farming practices.
