US biofuel feedstock DCO output lower in December
US production of biofuel feedstock distillers corn oil (DCO) dropped in December by 6.6pc from the prior month, the US Department of Agriculture (USDA) said in its Grain Crushings report.
US output of DCO totaled 174,416 short tons (st) in December, down from 186,644 st in November. Production was 11pc lower compared with December 2021.
DCO is a byproduct of ethanol production and is related to volumes of ethanol produced.
Since the start of January, DCO prices in the US Gulf coast on a delivered basis lost 4¢/lb, with the last Argus-assessed price at 67.5¢/lb on 31 January. Prices across all Midwest regions lost 5.6¢/lb since the start of January to close at 63.25¢/lb on 31 January. DCO prices tracked the weakness in soybean oil futures, which fell by 3.8pc since the start of January amid pressure from better soybean crop prospects in Argentina.
Crude corn oil, soybean oil and canola oil production also provide insight into feedstock supplies for renewable biofuels, volumes of which were released yesterday by the USDA in its Fats and Oils: Crushings, Production, Consumption and Stocks monthly report.
US crude soybean oil production for December was 2.2bn lbs, down by 0.1pc from the prior month and 5.6pc lower than December 2021.
US production of crude corn oil totaled 164mn lbs in December, 3pc lower than November but 8.6pc higher than a year earlier.
US crude canola oil production in December was 146mn lbs, up by 0.7pc from November and 3.5pc higher than a year earlier.
| US DCO production | st | ||||
| December 22 | November 22 | December 21 | m/m ±% | y/y ±% | |
| Distillers corn oil | 174,416 | 186,644 | 194,947 | -6.6 | -10.5 |
| US oilseeds production | mn lb | ||||
| December 22 | November 22 | December 21 | m/m ±% | y/y ±% | |
| Crude soybean oil | 2,195 | 2,198 | 2,324 | -0.1 | -5.6 |
| Crude corn oil | 164 | 169 | 151 | -3.0 | 8.6 |
| Crude canola oil | 146 | 145 | 141 | 0.7 | 3.5 |
| — USDA | |||||
Related news posts
Brazil lowers biofuel mix in flooded state
Brazil lowers biofuel mix in flooded state
Sao Paulo, 6 May (Argus) — Brazil's oil regulator ANP temporarily decreased the mandatory mix of ethanol and biodiesel in fuels in Rio Grande do Sul state for 30 days, starting on 3 May, amid floods in the region. The anhydrous ethanol blend on gasoline was lowered to 21pc from the current 27pc, while the mandatory biodiesel mix for 10ppm (S10) diesel is now at 2pc, down from the usual 14pc. The agency also temporarily suspended the blending mandate for diesel with 500ppm of sulfur (S500). ANP said it can revise deadlines depending on supply conditions in the state. Rainfall in Rio Grande do Sul blocked railways and highways where biofuels are transported to retail hubs, such as Esteio and Canoas. Supply of fossil fuels via pipeline from the 201,000 b/d Alberto Pasqualini refinery (Refap), in Canoas, and other retail bases has not been compromised, ANP said. Floods in Rio Grande do Sul have left at least 83 dead and 111 missing, according to the state government. More than 23,000 people have been forced from of their homes amid widespread damage. Over 330 cities are in a situation of public calamity. By Laura Guedes Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Floods halt firms' operations in Brazil's south
Floods halt firms' operations in Brazil's south
Sao Paulo, 6 May (Argus) — Several Brazilian companies have suspended operations in the southern state of Rio Grande do Sul because of heavy rainfall that has caused severe floods and infrastructure damage. Flooding from the record rains has left at least 83 dead with 111 people missing, according to the state government. More than 23,000 people have been forced from of their homes amid widespread damage, including washed out bridges and roads across several cities. The dam of the 100MW 14 de Julho hydroelectric plant, on the Antas River, ruptured last week under the heavy rains . Power generation company Companhia Energetica Rio das Antas, which runs the plant, implemented an emergency evacuation plan on 1 May. Brazilian steelmaker Gerdau said on Monday that it suspended its operations in two mills at the state until it can ensure "people's protection and safety." The company did not disclose the produced volume of steel at those two mills. Logistics company Rumo partially interrupted operations and said that "damages to assets are still being properly measured". Petrochemical giant Braskem shut down its facilities at the Triunfo petrochemical complex as a preventive measure because of "extreme weather events" in the state, it said on 3 May. The company added there was no expected date to resume activities there. Braskem operates eight industrial units in Rio Grande do Sul that make 5mn metric tonnes/yr of basic petrochemicals, polyethylene and polypropylene, according to its website. By Carolina Pulice Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Neste inks deal to supply SAF to Singapore's SIA, Scoot
Neste inks deal to supply SAF to Singapore's SIA, Scoot
Singapore, 6 May (Argus) — Finnish biofuels producer Neste has signed an agreement to supply 1,000t of neat sustainable aviation fuel (SAF) from its Singapore refinery to Singapore Airlines (SIA) and Scoot. The blended jet fuel will be delivered from Neste's Singapore refinery to Changi Airport's fuel hydrant system in two batches, once in this year's second quarter and the next in the fourth quarter. The delivered fuel will be a blend of neat SAF, which is made from renewable waste and residue raw materials, and conventional jet fuel. But the exact ratio of the two remains undisclosed. Neste's Singapore facility has a production capacity of 1mn t/yr of SAF, making it the world's largest SAF plant, according to Neste. The firm completed an expansion of its refinery in May 2023 . Neste is also the only company in Singapore producing SAF after Shell scrapped plans to set up a biofuel refinery in the city-state . The delivery from Neste's Singapore refinery to Changi Airport's fuel hydrant system cements the firm's end-to-end SAF supply chain capabilities in the country. Neste is also a minority shareholder at Changi Airport's fuel storage and infrastructure joint venture Changi Airport Fuel Hydrant Installation, to offer blended SAF directly to airlines at the airport. The SIA group aims to use a minimum of 5pc of SAF in its total fuel uplift by 2030, according to the group's chief sustainability officer Lee Wen Fen. This comes as Singapore mandates a 1pc SAF use for flights departing from Singapore from 2026, alongside a SAF levy, in their sustainable airhub blueprint on 19 February. The mandate is projected to rise to 3-5pc by 2030, subject to global developments and wider SAF availability and adoption, according to the blueprint. SIA to offer BCUs SIA will also offer 1,000 SAF book and claim units (BCUs) for purchase by its corporate customers starting from May, with each BCU representing 1t of neat SAF with its associated CO2 reduction benefit. This allows corporate travellers, shippers, and freight forwarders to claim the associated environmental benefits for flights related to their business travel and operations under the Roundtable on Sustainable Biomaterials (RSB) book and claim system, to ensure traceability and credibility of the transactions. By Deborah Sun Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Fire hits Vance Bioenergy's Pasir Gudang facility
Fire hits Vance Bioenergy's Pasir Gudang facility
Singapore, 6 May (Argus) — A fire broke out at Malaysian biodiesel producer Vance Bioenergy's Pasir Gudang facility in southern Johor today, but did not affect biodiesel production, said sources close to the company. Some auxiliary products were affected, a source said but declined to name them because of commercial sensitivity. The cause of the fire is still under investigation. Vance Bioenergy produces biodiesel for the Malaysian and European markets, but there has been limited market reaction to the news so far. The company has a total biodiesel production capacity of 450,000 t/yr, with 300,000 t/yr at Tanjung Langsat and 150,000 t/yr at Pasir Gudang. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more