U.S. biodiesel imports have surged in recent months, with volumes doubling since 2022. The attractive pricing has particularly driven imports from the European Union, with Germany standing out as a major supplier. As the largest biodiesel producer in the EU, Germany plays a crucial role in meeting U.S. demand. This is reflected in U.S. import data, with German biodiesel shipments accounting for nearly 58% of total imports in February 2024. However, imports from Germany began to taper off as the year progressed, reported Biofuels International.
Despite the strong import numbers and increasing competition from renewable fuels, U.S. biodiesel production also rose by 5% year-over-year, reaching 5.6 million tonnes in 2023. As a result, biodiesel consumption in the U.S. hit its highest level since 2017. However, the U.S. Energy Information Administration (EIA) forecasts a decline in biodiesel production in the current year.
To read more about Biodiesel Industry News, continue reading BioEnergyTimes.com[1][2]
References
- ^ Biodiesel Industry News (bioenergytimes.com)
- ^ BioEnergyTimes.com (bioenergytimes.com)
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