June 6, 2024
BY Erin Voegele
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The European Commission in April approved a delegated regulation to update the methodology and data for high-ILUC risk biofuels. The change, if formally adopted, would phase out the use of soybean oil as a biofuel feedstock in the EU by 2030.
The U.S. exported more than 1.1 million metric tons of wood pellets in March, up from 608,572.1 metric tons in February and 781,576.4 metric tons in March 2025, according to data released by the USDA Foreign Agricultural Service on May 5.
Drax Group plc released a first quarter trading update on April 30, reporting that the company’s pellet production business is performing well, with a continued focus on cost reduction in its U.S. operations.
On April 29, the USDA announced an expanded partnership with the Export-Import Bank of the United States (EXIM) to increase domestic agricultural production and exports, while reducing the agricultural trade deficit. Alongside
Roeslein Renewables announced its support for a new national push to secure a central role for American made biofuels in the future of global maritime shipping, following the company’s decision to sign onto a joint letter organized by the ABMI.