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Shining Light on Farm & Food Policy for 20 Years.
Friday, August 16, 2024
The Environmental Protection Agency says it likely won’t finalize the biofuel usage mandates for 2026 until the end of next year, which is discouraging news for a sector that blames the existing renewable volume obligations for the collapse in credit prices that has hammered many producers.
The rising demand for renewable fuel and subsequent tax credits to incentivize production has led to a significant spike in imported feedstocks like used cooking oil and tallow, which some say could undermine the domestic oilseed industry and potentially allows some fraudulent materials to enter the market.
The Agriculture Department is seeking input on how to measure reductions in greenhouse gas emissions from crops grown as biofuel feedstocks, part of an effort to increase production of sustainable aviation fuel.
A policy-driven boom in U.S. renewable diesel demand that’s been underpinning much of the farm economy is showing signs of slowing as production exceeds the government’s usage mandates, but industry officials hope a new tax credit and a big new potential market in Canada will help put some sizzle back in the market.
Producers of renewable diesel and biodiesel are facing a “serious headwind” after the Environmental Protection Agency set usage mandates so low that they’re restraining demand for the biofuels, according to Donnell Rehagen, CEO of Clean Fuels Alliance America.
Jeff Rowe has been elected by Syngenta Group’s Board of Directors as the new CEO and Clean Fuels Alliance America has promoted Jeff Earl to director of state governmental affairs.
Andrew Genasci has been tapped as the new executive director of the San Joaquin Farm Bureau Federation and John Bagan is the new president and CEO of Gelson’s.
