Canada: Canola bides its time

Published 2021년 5월 20일

Tridge summary

The United States National Biodiesel Board (NBB) is considering revising its 2030 production goal of 22.7 billion liters of biodiesel and renewable diesel up to 2023, driven by several expansion projects and new initiatives. This could potentially double the current production capacity in just two years. Canola oil, a key feedstock, is expected to play a significant role in this surge, particularly benefiting Canadian growers and crushers. The NBB is also awaiting approval from the EPA for canola oil to be included in the Renewable Identification Number program. Meanwhile, Canada's proposed Clean Fuel Standard could result in a 9% biofuel blend rate in diesel by 2030, primarily from canola, presenting a huge opportunity for the industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January 2020, the United States National Biodiesel Board announced it was setting an “ambitious target” of doubling biodiesel/renewable diesel production to 22.7 billion litres by 2030. Turns out it wasn’t nearly ambitious enough. The organization thinks the new timeline could be as soon as 2023 due to a plethora of announced expansions and new projects that will add billions of litres of renewable diesel capacity in two years. “It’s definitely going to be well in advance of 2030,” said Donnell Rehagen, chief executive officer of the NBB. That is music to the ears of Canada’s canola growers and crushers because canola oil is expected to be a key feedstock used by the industry. The NBB estimates that half of the country’s existing biodiesel/renewable diesel is made from soybean oil with a small contribution from canola oil. The other half is made from used cooking oil, animal fats and distillers corn oil, with each commodity contributing about one-third of that pie. The industry ...

Source: The Western Producer