Fuel Oil News

Fuel Oil News - January 2017

The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding

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www.fueloilnews.com | FUEL OIL NEWS | JANUARY 2017 11 compared to 2016 levels," Janet McCabe, the agency's acting assistant administrator for the Office of Air and Radiation, said in a statement issued Nov. 23. "These final standards will boost production, provid- ing for ambitious yet achievable growth of biofuels in the transportation sector. By implementing the program enacted by Congress, we are expanding the nation's renewable fuels sector while reducing our reliance on imported oil." Some key elements of the action: Non-advanced or "conventional" renewable fuel increases in 2017, meeting the 15 billion-gallon congressional target for conventional fuels. The standard for biomass-based bio- diesel – which must achieve at least 50 percent lifecycle greenhouse gas emission reductions compared to petroleum-based diesel – grows by 100 million gallons. The required volume of biomass-based diesel for 2017 is twice that of the minimum congressional target. Cellulosic biofuel – which must achieve at least 60 percent lifecycle green- house gas emissions reductions – grows 35 percent over the 2016 standard. The advanced biofuel standard – comprised of biomass-based diesel, cellulosic biofuel, and other biofuel that achieves at least 50 percent lifecycle green- house gas emissions reductions – increases 19 percent over the 2016 standard. Total renewable fuel volumes grow 1.2 billion gallons from 2016 to 2017, a 6 percent increase. ¦ EIA MONTHLY BIODIESEL PRODUCTION REPORT Here are highlights of the EIA Monthly B i o d i e s e l P r o d u c t i o n R e p o r t f o r September 2016. The report was released Nov. 30, 2016. U.S. production of biodiesel was 135 million gallons in September 2016. Biodiesel production during September 2016 was 7 million gallons lower than production in August 2016. Biodiesel production from the Midwest region (Petroleum Administration for Defense District 2) accounted for 66 percent of the United States total. Production came from 95 biodiesel plants with capacity of 2.1 bil- lion gallons per year. Producer sales of biodiesel during September 2016 included 70 million gal- lons sold as B100 (100% biodiesel) and an additional 69 million gallons of B100 sold in biodiesel blends with diesel fuel derived from petroleum. There were a total of 1,012 million pounds of feedstocks used to produce biodiesel in September 2016. Soybean oil remained the largest biodiesel feedstock during September 2016 with 537 million pounds consumed. l F O N

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