US Renewable Diesel Policy: Will It Make or Break the Market?
The US renewable diesel market is booming, with an average annual growth rate of over 25% over the past five years. This is largely due to strong policy support, but recently these policies have struggled to keep up with the growing supply, as the credit markets have been flooded and prices tanked. Now, two of the main incentives - the federal Renewable Fuel Standard and California’s Low Carbon Fuel Standard are undergoing review. While both are expected to increase support for renewable diesel, it’s unclear if it will be too little, too late.
Discussion Topics
-Review of new Renewable Volume Obligations and what it means for federal RIN prices
-Discussion of state-level policies and their impact on renewable diesel consumption
-Outlook for renewable diesel balances, including supply pipeline, producer margins, feedstock constraints and international competition
Discussion Topics
-Review of new Renewable Volume Obligations and what it means for federal RIN prices
-Discussion of state-level policies and their impact on renewable diesel consumption
-Outlook for renewable diesel balances, including supply pipeline, producer margins, feedstock constraints and international competition
Speakers
ANASTACIA DAVIES
Head of Renewable Fuels
BLOOMBERG L.P.
Anastacia Davies leads the Renewable Fuels team at BloombergNEF. The team writes about the impact that fuels such as renewable diesel, sustainable aviation fuel and renewable natural gas have on oil demand and the decarbonization of hard-to-abate sectors, and the policies, projects and partnerships that are driving their uptake.
Brett Gibbs
Senior Associate Analyst
Bloomberg Intelligence
Brett Gibbs is a Sr. Associate Analyst for Bloomberg Intelligence. He has covered Integrated Oils and Refiners in the Americas since 2019 and is ramping up coverage of Renewable Fuels. Brett’s latest coverage additions are the US Renewable Diesel market, Darling Ingredients and Neste.