The Biobased and Renewable Products Advocacy Group (BRAG) helps members develop and bring to market their innovative biobased and renewable chemical products through insightful policy and regulatory advocacy. BRAG is managed by B&C® Consortia Management, L.L.C., an affiliate of Bergeson & Campbell, P.C.

By Lauren M. Graham, Ph.D.

On April 28, 2017, the U.S. Energy Information Administration (EIA) released its monthly biodiesel production report for February 2017.  According to the report, U.S. biodiesel production increased by one million gallons between January and February of this year but production is 11 million gallons less than February 2016.  Production came from 95 biodiesel plants with capacity of 2.3 billion gallons per year.  The report also states that 37 million gallons of 100 percent biodiesel (B100) were sold, and an additional 46 million gallons of B100 were sold in biodiesel blends.  Of the 736 million pounds of feedstocks used to produce biodiesel in February 2017, soybean oil remained the largest biodiesel feedstock with 369 million pounds consumed in February.


 

On January 10, 2017, the U.S. Energy Information Administration (EIA) released the Short-Term Energy Outlook (STEO) report, which includes forecasts for 2018.  The report outlines expectations for regular gasoline to average a retail price of $2.38 for 2017, with prices for the first quarter of 2017 to average $2.31.  The finalized RFS volumes that were announced on November 23, 2016, resulted in EIA forecasting that ethanol consumption will average about 940,000 barrels per day (b/d) in 2017 and 950,000 b/d in 2018.  Based on this level of consumption, the ethanol share of total gasoline is expected to average about ten percent in 2017 and 2018.  Ethanol production is forecast to average about 1.0 million b/d in 2017 and 2018.