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Challenges, Opportunities And Latest Price Trend:
The U.S. Biodiesel Market and Implications for the Palm Industries
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President George W. Bush signed into law the Energy Independence and Security Act of 2007 (EISA) on December 19, 2007. The legislation was designed to reduce U.S. dependence on foreign oil by increasing the supply of alternative fuels. EISA requires increased biofuel production, 36 billion gallons by 2022, and must be met, in part, from fuels such as biodiesel. The program differentiates between "conventional biofuels" and "advanced biofuels." Advanced biofuel is renewable fuel, other than corn-based ethanol, with lifecycle greenhouse gas emissions that are at least 50 percent less than greenhouse gas emissions produced by gasoline or diesel. EISA also requires the specific use of one billion gallons of biomass based diesel fuel, a category that includes biodiesel, by 2012 and requires U.S. EPA to determine and promulgate the applicable volume of biomass- based diesel that will be required in 2013 and beyond. In June, 2011 EPA proposed a 1.28 billion gallon volume obligation for biomass based diesel in 2013. The purpose of this paper is to examine the availability of feedstock supplies that could be used to meet the RFS2 biomass based diesel fuel and advanced biofuel volume obligations in 2013 and beyond.
The RFS2 has become an important driver for biodiesel industry growth, however one of the industry’s primary issues is access to raw material sources in order to help maintain price competitiveness with petroleum based diesel fuel. The biodiesel industry has experienced significant volatility in the past few years and production decreased in 2009 and 2010 for a number of reasons including global trade policy, weaker energy prices in 2009, and policy uncertainty in 2010. During this time period, biodiesel producers have made use of a variety of fats and oils sources, including soybean oil, inedible tallow and greases, yellow grease, canola oil, palm oil, and corn oil generated from ethanol facilities. The industry appears to have turned an economic corner and production in 2011 has increased significantly and monthly production volumes have eclipsed historic highs, although RFS2 rules are impacting the feedstocks utilized for biodiesel production.
Economic analysis has been conducted to examine future biodiesel growth prospects given RFS2 regulations and economic conditions including oil price forecasts, global policy, population trends, and growth of other biofuels. This presentation will specifically address the U.S. EPA proposed rule regarding the 2013 biomass based diesel fuel volume obligation and outline prospects for future industry growth.
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Challenges, Opportunities And Latest Price Trend |
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MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES Nov 14, '22 ~ Nov 18, '22 |
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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS Mar 28, '22 ~ Apr 01, '22 |
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Section 2: Opportunities for Palm Oil in Asian Market Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Oils & Fats Supply, Demand and Outlook Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Price Direction Apr 05, '21 ~ Apr 11, '21 |
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Section 2 : Special Focus on the US Apr 05, '21 ~ Apr 11, '21 |
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POINTERS ON THE PRICE TRENDS Jun 22, '20 ~ Jun 28, '20 |
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Section 1 : CPO Price Trend Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Global Palm Oil Market Opportunities Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Special Focus Aug 19, '19 ~ Aug 25, '19 |
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Section 1 : CPO Price Trend Aug 19, '19 ~ Aug 25, '19 |
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Special Focus - India Feb 25, '19 ~ Feb 24, '19 |
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Section 1: CPO Price Trend Feb 18, '19 ~ Feb 24, '19 |
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Section 2: Global Palm Oil Market Focus Aug 06, '18 ~ Aug 12, '18 |
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Section 1: CPO Price Trend Aug 06, '18 ~ Aug 12, '18 |
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Section 2 : Global Palm Oil Market Focus Jan 29, '18 ~ Feb 04, '18 |
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Section 1: CPO Price Trend Jan 29, '18 ~ Feb 04, '18 |
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Section 2: Regional Focus : CIS Countries Aug 21, '17 ~ Aug 27, '17 |
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Section 1: Palm Oil Price Fundamentals Aug 21, '17 ~ Aug 27, '17 |
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Section 2: Market Challenges and Opportunities Feb 20, '17 ~ Feb 26, '17 |
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Section 1: Price Directions Feb 20, '17 ~ Feb 26, '17 |
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Section 1 : Palm Oil Price Fundamentals Aug 22, '16 ~ Aug 28, '16 |
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Section 2 : Trade Issues and Market Prospects Aug 22, '16 ~ Aug 28, '16 |
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2016 Market Direction - Twists and Turns of Palm Oil Prices Feb 22, '16 ~ Feb 29, '16 |
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Second Half 2015 - Anticipating Market Price Direction Aug 17, '15 ~ Aug 23, '15 |
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Special Focus: Indian Sub-Continent Aug 17, '15 ~ Aug 23, '15 |
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Opportunities, Challenges And Trend In 2015 CPO Price Feb 23, '15 ~ Mar 01, '15 |
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2nd Half 2014: Market Challenges, Predictions And Directions Aug 25, '14 ~ Aug 31, '14 |
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Anticipating 2014 Palm Oil Price Direction Feb 17, '14 ~ Feb 24, '14 |
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Prospects For Second Half Of 2013 - Managing Price Fluctuations Jul 22, '13 ~ Jul 29, '13 |
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Mapping The Palm Oil Price - 2013 Market Perspective Feb 18, '13 ~ Feb 27, '13 |
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Palm Oil : Challenges, Opportunities And Latest Market Directions Aug 06, '12 ~ Aug 17, '12 |
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2012 Price Direction, Issues & Challenges Feb 13, '12 ~ Feb 20, '12 |
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Challenges, Opportunities And Latest Price Trend Aug 08, '11 ~ Aug 16, '11 |
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Challenges, Opportunities And Price Direction Feb 07, '11 ~ Feb 17, '11 |
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2010 Year End Prospects - What Lies Ahead? Aug 02, '10 ~ Aug 08, '10 |
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