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The canola sector is positioning itself to take advantage of an anticipated boom in renewable fuel.
News, Oilseeds

Canola sector predicts biofuel boom 

Renewable fuels could give canola demand ‘unprecedented’ growth 

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The biofuels industry could drive canola demand into uncharted territory in the coming decade, says one industry expert.  “The capacity of crush could grow from 11.3 million metric tonnes today to 18 million metric tonnes in three or four years,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association.  Why it matters: The
The annual demand for biofuel in Canada is expected to reach 10 billion litres by 2030.
News

Carbon intensity is ‘game changer’

To stay competitive, canola will have to improve its score

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Glacier FarmMedia – Bob Larocque had one takeaway from his presentation at Canola Week 2023. “Remember carbon intensity because that’s the game changer,” said the president of the Canadian Fuels Association. That factor will help determine the value of canola when large volumes of the crop are being consumed by the renewable diesel sector. His
U.S. aviation fuel subsidy guidance expected by year’s end 
News

U.S. aviation fuel subsidy guidance expected by year’s end 

U.S. Farm Belt stakeholders see it as one of few avenues to grow ethanol demand

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Reuters – U.S. Agriculture Secretary Tom Vilsack said Nov. 29 that he is confident the Treasury Department will release guidance by the end of the year that will make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies. The Biden administration has been divided over this issue for months, as it faces a strong
(Jimfeng/iStock/Getty Images)
Crops

U.S. to boost biofuel mandates over next three years

Biofuel groups still feel shortchanged

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Reuters — The Biden administration on Wednesday increased the amount of biofuels that oil refiners must blend into the United States’ fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough. The U.S. Environmental Protection Agency has finalized
Viterra’s oilseed crush plant at Becancour, Que. (Viterra.com)
Crops, Markets

Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential

Canada's Competition Bureau pledges to review deal

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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
A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)
Crops

Imperial Oil clears Edmonton renewable diesel plant for construction

Quick decision motivated in part by need for feedstocks such as canola oil, company says

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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
“We have a high degree of optimism that we will see canola production grow in North America. Renewable fuels and the demand for renewable fuels is going to grow as well.” – Chris Vervaet.
News, Oilseeds

Renewable diesel demand expected to soar in next two years

Canola production poised to jump as new facilities come on stream in next two years, says processors association

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Glacier FarmMedia – Renewable diesel production is poised to take off in the next five years and the coming boom is great news for canola growers, says the Canadian Oilseeds Processors Association. “For canola crush, in terms of possible capacity growth in the years to come, we could see almost six million tonnes of increased
(Scharfsinn86/iStock/Getty Images)
Crops, Markets

U.S. EPA proposes revamp of biofuel program to include EVs

Mandated biofuel levels to rise through 2025

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New York | Reuters — U.S. President Joe Biden’s administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and — for the first time — to include a pathway for electric vehicle manufacturers to generate lucrative credits. Biden wants to fight climate change by reducing fossil fuel
CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat tumbles to three-month low in broad sell-off

Soybeans rise on export sales, renewable fuel talk

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Winnipeg | Reuters — Chicago wheat fell on Monday to a three-month low, as commodity and equity markets dropped on concern about the impact of rare protests in China against its strict anti-COVID-19 policy. Cheap supplies from Russia and elsewhere in the Black Sea are adding competition for U.S. wheat, and prices have slipped to

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