Biodiesel margins improve thanks to lower soybean oil prices

According to a report by the International Energy Agency, demand for vegetable oils, waste and residue oils and fats is set to increase by 56% between 2022 and 2027

The new proposal would help restore approximately 500 million gallons of blending volumes previously waived by the agency in 2016

Government poised to reduce the number of HBE credits in circulation and promote higher rates of physical blending in the road sector

Midwest soybean oil prices moved lower for the first time in four weeks

Shipments reach a total of 28.5 million gallons in September

While the country encourages a high level of biofuel consumption, there's concern that too many credits may be awarded

The company's renewables division’s adjusted earnings showed a loss of €39 million for the July-September quarter

The Environmental Protection Agency (EPA) reported 1.52 billion gallons of renewable fuel was consumed during September

As part of a wider decarbonization strategy, the Italian energy major aims to increase biofuels and SAF production