Explore how used cooking oil is gaining traction in the renewable fuels industry and the credit mechanisms available to producers

Fastmarkets has corrected some US biodiesel prices that were published incorrectly on Friday November 1.

Fastmarkets and the Intercontinental Exchange (ICE) introduced the used cooking oil (UCO) Gulf (Fastmarkets) futures contract on November 01, 2024. This contract is linked to Fastmarkets' used cooking oil price assessment and addresses growing demand and complexity in the biofuel feedstock market. It offers market participants a valuable tool for risk management

Fastmarkets has corrected the monthly averages for the following prices, which were published incorrectly in August 2024.

Neste has canceled its 120 MW electrolyzer project at the Porvoo refinery due to economic and regulatory challenges, reflecting a broader trend of energy companies scaling back renewable fuel investments.

India’s corn consumption could spike in 2025 amid expectations that the government may hike its ethanol mandate and force increased use of the grain, trade sources told Fastmarkets in the week to Friday October 11

The US Renewable Fuels Association has urged the EPA to update its investigation into foreign feedstock imports and implement stricter verification requirements for used cooking oil and tallow.

The drop was influenced by high freight rates and an ongoing European Commission fraud investigation.

Fastmarkets proposes to amend the pricing frequency of its three main European biodiesel assessments, both as outright prices and as premiums to the underlying gasoil contract, as well as its ultra low sulfur diesel assessment from a weekly basis to daily.

The international oil major BP has unveiled a $2.76 billion profit across its energy portfolio in the second quarter of 2024, a 6.4% increase on the corresponding period of 2023 and 1.2% higher than its first-quarter profits