Crude Processing

The International Energy Agency (IEA) predicts a substantial rise in biofuel demand, expecting it to constitute 6% of the forecasted energy demand for road transport by 2030.

The surge in US renewable diesel (RD) production capacity, currently at 3.6B gal/y (234.8K b/d), is reshaping international trade flows for renewable feedstocks.

Palm-oil prices are projected to surge in 2024 due to constrained production in major palm-oil-producing nations, Indonesia and Malaysia.

In Sept. the US biofuels sector experienced a notable surge in feedstock consumption, driven by a remarkable 67% increase in renewable diesel (RD) production capacity.

The Riograndense Petroleum Refinery has achieved a groundbreaking milestone by successfully processing 100% soybean oil in a Fluid Catalytic Cracking Unit (FCCU), marking a historic achievement in the global energy landscape.

Market participants anticipate a significant surge in worldwide supplies of used cooking oil (UCO), with estimates suggesting it will more than double to 31MM mt by 2030, up from the current 14MM mt.

In the US, Calumet Specialty Products Partners LP subsidiary Montana Renewables LLC (MRL) has announced the inclusion of camelina oil as a new feedstock for its renewable fuels production at its manufacturing plant in Great Falls, Montana.

Veriflux, a US-based renewables traceability platform, has teamed up with the Indonesian Used Cooking Oil (UCO) Exporters Association (Aemji) to enhance tracing technology, potentially boosting Indonesian UCO trade with the US.

China's customs data reveals a significant surge in shipments of used cooking oil (UCO) to the United States, valued at nearly $390 MM over the past year and experiencing rapid growth.