Items Tagged with 'soybean oil'

Renewable diesel producers are getting a potential boost in California after years of grappling with a massive glut in the country’s largest low-carbon fuel market. Still, producers are concerned about the California Air Resources Board's new 20% cap on credits for fuels made with fresh vegetable oil like soy.  

The European Union agreed to provide “preferential market access” for a range of agricultural goods, in a joint trade framework announced today with the United States.

Triple-digit tariff hikes on each other’s imports, if sustained, are set to reshape U.S.-China trade – particularly for agricultural products, where price competition is fierce. As U.S. ag producers stare down the barrel of steep export losses, they’re hoping the high tariffs offer new opportunities in domestic biofuel that can at least soften the tariff blow. But much will depend on the policy signals from Washington, analysts say. 

Uncertainty about demand for renewable diesel and biodiesel is weighing on soybean and canola oil markets, according to USDA economists.

The California Air Resources Board has approved a 20% limit on credits for renewable diesel produced from soybean, canola and sunflower oils, despite industry complaints that the cap was unnecessary and would increase the state's reliance on foreign feedstocks for biofuels.

A bipartisan group of lawmakers are proposing to extend the new 45Z tax credit for low-carbon biofuels for 10 years but restrict the incentive to products derived from domestic feedstocks, such as vegetable oils and corn ethanol.

The California Air Resources Board is proposing to cap the amount of renewable diesel made from soybean or canola oil that would qualify for the state’s low carbon fuel standard.