By J. Alan Weber
The second half of 2022 provided U.S. canola producers quite a bit of optimism regarding new demand opportunities in the biofuels market. It began with the Sustainable Aviation Fuel (SAF) Grand Challenge, a government-wide effort to reach 3 billion gallons per year of domestically produced renewable jet production with at least a 50 percent reduction in greenhouse gas (GHG) emissions by 2030. Then, on Dec. 1, the U.S. Environmental Protection Agency (EPA) issued a final determination that canola oil-based renewable diesel, SAF, naphtha, heating oil, and liquified petroleum gas (propane) met the lifecycle greenhouse gas (GHG) emissions reduction requirement of at least 50 percent under the Renewable Fuel Standard (RFS) to qualify as advanced biofuels. In fact, the EPA final rule conservatively estimated a reduction of 67 percent for canola renewable diesel compared to petroleum-based diesel and similar reductions for the other biofuels. Read More ยป