Canada will investigate whether imports of U.S. renewable diesel are being dumped and subsidized, the Canadian Border Service Agency announced on Thursday.
Tag Archives renewable diesel
Canada launches anti-dumping investigation on U.S. renewable diesel
Investigation unrelated to ongoing trade dispute with U.S. says Tidewater Renewables
U.S. Treasury releases guidance on clean fuels tax credits
The United States Department of the Treasury together with the Internal Revenue Service released much-anticipated short-term guidance on tax credits for biofuels on Jan. 10, giving the soyoil market a boost to end the week.
US biofuel producers ramped up in Oct as profitability improved, data shows
U.S. renewable diesel producers utilized 77 per cent of their total operable capacity in October, the highest since July 2024, the data showed. Biodiesel plant utilization rose to 89 per cent, the highest since June 2023.
Trump trade policy seen as wild card for US soybean farmers, opportunity for crushers
American farmers are worried that President-elect Donald Trump's sweeping tariff plans will curb their access to top soy buyer China, but tariffs could also lure companies to build more U.S. crushing plants, hungry for domestic supplies.
Canada’s renewable diesel projects hit by US import surge
Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States.
Flow of canola oil to U.S. set to hit record in 2024
American biofuel producers in the first four months of the year imported Canadian canola oil at record pace, and the flow seems set to continue for now according to analysis from Farm Credit Canada. Canada exported nearly 1.4 million tonnes of refined and crude canola oil to the U.S. from January to April.
Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential
Canada's Competition Bureau pledges to review deal
Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase
Imperial Oil clears Edmonton renewable diesel plant for construction
Quick decision motivated in part by need for feedstocks such as canola oil, company says
Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for
Bunge expects U.S. renewable diesel capacity of about five billion gallons by 2024
Chicago | Reuters — U.S. renewable diesel production capacity will more than double to about five billion gallons by 2024 from about two billion gallons, Bunge CEO Greg Heckman said on Tuesday. The agricultural commodities trader has not altered its own capacity plans due to a U.S. government proposal on biofuels announced last week, Heckman
Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel
Reuters — A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity from plant closings since 2019, a Reuters analysis of federal data shows. U.S. refining capacity has declined in the last two years, as plants
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