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In renewable fuel markets worldwide, there is a clear difference in pricing for biofuels produced from sustainably sourced waste oil and animal fat feedstocks compared to biofuels produced from virgin oil crop feeds such as soybean and rapeseed.
A recent announcement from the US EPA denies Small Refinery Exemptions for prior “gap” years. This means refiners in the U.S. now face steeper requirements for meeting renewable fuel volume obligations.
A recent article in Hydrocarbon Processing highlighted Canadian Prime Minister Justin Trudeau’s government intentions to present the initial regulations for its Clean Fuel Standard (CFS) this year, aiming to cut 30 million tons of greenhouse gas emissions by 2030.
The Swedish government made sustainability news on September 11th by introducing an aviation fuel mandate taking effect in 2021. The greenhouse gas reduction for aviation fuels will be 0.8% in 2021 and gradually increasing up to 27% in 2030. Sweden is now the second country in Scandinavia and the second in all of Europe to institute a formal renewable aviation fuel requirement.
UOP has pioneered new technologies for the oil and gas industry for more than 100 years, anticipating emerging needs and evaluating megatrends in global energy markets.
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