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UPM scraps plans to develop second biofuels refinery in Rotterdam
The announcement comes amid wider reports of general market uncertainty in the European biodiesel space, as producers struggle to operate profitably against a backdrop of consistently high feedstock prices. “The complexity of a multi-feedstock greenfield investment leading to comparatively high capital (CAPEX) and operating (OPEX) costs, combined with a market that demands competitive production economics, […]
June 4, 2025
·
By Alexandra Chapman
Insights
Foreign feedstocks ban could be a win for biofuel producers
The US House of Representatives passed its version of the budget reconciliation bill, the so-called “One Big Beautiful Bill Act,” with a number of important changes to the Clean Fuel Production Credit (CFPC) created by Section 45Z of the 2022 Inflation Reduction Act on Thursday May 22.
May 30, 2025
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By Amanda Luhavalja, Wendy Dulaney, the Fastmarkets team, Robert Lane
Insights
UK-US trade deal threatens UK bioethanol and future SAF
The UK’s domestic bioethanol industry could be at risk as a result of the recent trade deal announced between the UK and the US, industry members have warned.
May 21, 2025
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By Timothy Worledge, Alexandra Chapman, the Fastmarkets team
Insights
German HVO investigation results in unblocking of tickets despite official doubts over firm’s existence
An investigation in Germany into an entity active in the supply of hydrotreated vegetable oil (HVO) in the domestic market has reached a standstill, following an official update from the country’s government.
May 7, 2025
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By Alexandra Chapman
Insights
Fresh confusion on US federal funding freeze stymies vegetable oil markets
Soybean oil futures slightly declined amid market uncertainty driven by confusion over US biofuels policy, executive orders, and legal challenges.
January 30, 2025
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By Amanda Luhavalja
Insights
UCO prices reach two-year high in 2024, increases to continue in 2025 amid demand
Global used cooking oil (UCO) prices were highly volatile throughout 2024 amid market uncertainty, trade flow and policy changes, with market sources expecting the prices to increase further in 2025, pushed up by higher demand and increased biofuel production obligations.
January 14, 2025
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By Veronika Prykhodko
Insights
Continued uncertainty to drive volatility in EU animal fats market: 2025 preview
In December, increased demand from various industries led to a 5-10% rise in EU animal fats prices, supported by high seasonal rendering activity and regulatory factors affecting vegetable oil supply.
January 13, 2025
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By Veronika Prykhodko
Insights
The state of SAF in Africa and the Middle East: 2024 recap
Africa's increasing air travel demand and biofuel production potential, alongside the Middle East's strategic SAF investments, position both regions as key players in advancing global aviation decarbonization efforts.
January 9, 2025
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By Misha Simonovska
Insights
Uncertainty for energy policy as US awaits new administration: 2025 preview
The US feedstock and biodiesel industries face significant uncertainty due to potential policy changes, including pending import tariffs, the transition from the Blenders Tax Credit to the 45Z Clean Fuel Production Tax Credit, and delayed federal guidance.
January 6, 2025
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By Amanda Luhavalja, Bob Lane, Wendy Dulaney, Alexandra Chapman
Insights
UK government seeks feedback on future of RTFO
The UK government’s latest report on the Renewable Transport Fuel Obligation (RTFO) invites stakeholder feedback to reassess its targets and mechanisms.
November 26, 2024
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By Misha Simonovska
Insights
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