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CoBank: Policy uncertainty negatively impacts biobased diesel producers

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By Erin Voegele

April 15, 2025

Advanced Biofuels Markets Business Policy 

CoBank latest quarterly research report highlights current challenges facing the biobased diesel industry. The report cites policy uncertainty and trade disruptions due to tariff disputes as factors impacting biofuel producers.

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The U.S. Energy Information Administration reduced its 2025 forecasts for renewable diesel and biodiesel in its latest Short-Term Energy Outlook, released April 10. The outlook for “other biofuel” production, which includes SAF, was raised.

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Tidewater Renewables Ltd. has reported that its biorefinery in Prince George, British Columbia, operated at 88% capacity last year. A final investment decision on the company’s proposed SAF project is expected by year end.

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New York's DCAS has awarded its first tender to buy renewable diesel for its ferries. The tender is part of a plan announced in October 2024 to transition the Staten Island Ferry and other vessels to renewable diesel.

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Neste and DB Schenker, a logistics service provider, have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel in Asia-Pacific. DB Schenker trialed the fuel from December 2024 to February 2025 in Singapore.

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The 2025 International Biomass Conference & Expo, held March 18-20 in Atlanta Georgia, featured of insightful discussions, cutting-edge technology showcases, and unparalleled networking opportunities.

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Clean Fuels Alliance America is urging the U.S. EPA to establish robust, timely RFS volumes for 2026 and beyond and suggesting the agency set the 2026 RFS renewable volume obligation (RVO) for biomass-based diesel at 5.25 billion gallons.

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Aemetis Inc. released fourth quarter and full year 2024 financial results on March 13, reporting increased revenues for its U.S. ethanol and biogas operations as well as its biodiesel operations in India.

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The U.S. Energy Information Administration maintained its outlook for 2025 and 2026 renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released March 11.

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MOL Group has produced a diesel fuel containing hydrotreated vegetable oil (HVO), and sustainable aviation fuel (SAF) at the refinery of Slovnaft in Bratislava. The quality of the products has been verified by radioisotope analysis.

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The U.S. EIA maintained its forecasts for 2025 and 2026 renewable diesel production in its latest Short-Term Energy Outlook, released Feb. 11. The production outlook for other biofuels, including SAF, was also maintained.

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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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PBF Energy Inc. on Feb. 13 announced that its St. Bernard Renewables facility produced 17,000 barrels per day of renewable diesel during the fourth quarter, up from 13,000 barrels per day during the third quarter.

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Marathon Petroleum Corp. released fourth quarter financial results on Feb. 4, reporting a profitable three-month period for its newly formed renewable diesel segment. Improved earnings are attributed to increased capacity utilization.

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Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.

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Imperial Oil Ltd. on Jan. 31 confirmed construction on the renewable diesel facility at its Strathcona refinery near Edmonton, Alberta, progressing on schedule. The biorefinery project is on track to being operations in mid-2025.

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Chevron Corp. released fourth quarter financial results on Jan. 31. During an earnings call, company officials confirmed that the renewable diesel expansion project at the Geismar biorefinery in Louisiana is undergoing final commissioning.

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Clean Fuels Alliance America hosted its annual Clean Fuels Conference in late January. During the event, experts shared the state of the biobased diesel industry today and the outlook for the near-and long-term.

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Federated Co-operatives Ltd. on Jan. 17 announced it has shelved plans for a 15,000-barrel-per-day renewable diesel plant proposed for development in Regina, Saskatchewan. Plans for an adjacent canola crush facility are also being paused.

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Neste is partnering with the Italian fuel distributor Firmin to make Neste MY Renewable Diesel available for the first time in Italy to contribute to the reduction of greenhouse gas emission in the transport sector.

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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.

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The U.S. Department of Energy Bioenergy Technologies Office (BETO) announced up to $23 million in funding to support research and development (R&D) of domestic chemicals and fuels from biomass and waste resources.

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The Canadian government on Jan. 7 awarded more than $11 million to seven clean fuel and alternative fuel projects, including those focused on the production of renewable diesel, sustainable aviation fuel (SAF) and other types of bioenergy.

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On Jan, 7, the Oregon Department of Environmental Quality approved NXTClean Fuel’s 401 water permit, confirming that NXTClean’s renewable fuels facility can safely operate within Oregon’s strict environmental protection regulations.

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Neste and KPI OceanConnect, a global provider of marine energy solutions, collaborate on the supply of Neste MY Renewable Diesel to the marine sector in Singapore in partnership with Global Energy for operational delivery in Singapore waters.

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The U.S. Department of Energy's Bioenergy Technologies Office (BETO) and Vehicle Technologies Office announced $6.9 million in funding for nine projects to support local waste-to-energy management solutions for transportation energy needs.

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Tidewater Renewables Ltd. has filed a countervailing (anti-subsidy) and anti-dumping duty complaint with the Canada Border Services Agency. The complaint targets unfairly traded imports of renewable diesel from the U.S.

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The U.S. is on pace to surpass 5 billion gallons of biodiesel and renewable diesel consumption for the first time, capping a 2024 that saw increased efforts from states and growing public support for clean transportation fuel.

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Global Clean Energy Holdings Inc., a renewable fuels innovator and camelina producer, on Dec. 20 announced that its Bakersfield Renewable Fuels Facility is commercially operational, producing approximately 250,000 gallons of renewable diesel daily.

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NATSO, SIGMA, the American Trucking Associations, National Association of Convenience Stores, SABR the National Energy & Fuels Institute are applauding the introduction of the Biodiesel Tax Credit Extension Act of 2024.

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