U.S. biodiesel and renewable diesel imports boost 61% in 2015

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After reaching a top turn to date in 2013, U.S. imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell in 2014 amid doubt surrounding destiny Renewable Fuel Standard (RFS) targets and a rejecting of a biodiesel blender’s taxation credit. As aloft targets for biomass-based diesel were finalized in 2015, U.S. imports of biodiesel and renewable diesel augmenting by 61% in 2015 to strech 538 million gallons.

Image credit: U.S. Energy Information Administration

Image credit: U.S. Energy Information Administration

The strongest drivers of a boost in U.S. biomass-based diesel direct given 2012 have been augmenting RFS targets and a biodiesel taxation credit, that has over and been backed several times. Biodiesel and renewable diesel validate for a dual vital renewable fuel programs in a United States: a RFS practical during a inhabitant level, and a Low Carbon Fuel Standard (LCFS) in California. Biomass-based diesel fuels have additional advantages over other renewable fuels since of their comparatively high appetite calm and low CO intensity, that concede them to validate for aloft credit values in both renewable fuel programs.

Biodiesel and renewable diesel fuels are constructed by enlightening unfeeling oils or animal fats. Biodiesel is blended with petroleum diesel adult to 5% or 20% by volume (referred to as B5 and B20, respectively). Renewable diesel is a diesel-like fuel that meets specifications for use in existent infrastructure and diesel engines, so it is not theme to any consistent limitations.

Of a 334 million gallons of biodiesel alien into a United States in 2015, some-more than half (183 million gallons) were from Argentina. The U.S. Environmental Protection Agency’s Jan 2015 capitulation of an RFS pathway for Argentine biodiesel volumes determined a streamlined routine for Argentina’s biodiesel producers to beget Renewable Identification Number (RIN) credits. The remaining volumes of unchanging biodiesel imports were sourced essentially from Indonesia and Canada, during 73 million gallons and 61 million gallons, respectively. U.S. renewable diesel imports reached 204 million gallons in 2015, adult 69% from a turn in 2014. All U.S. renewable diesel imports in 2015 were sourced from Singapore and entered a United States essentially by West Coast ports, expected unfailing for California LCFS compliance.

Source: EIA