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Biofuels Blast: Where there’s an arb, there’s a way.
In this issue: EPA changes the math again, UCO gets 45Z clarity and a new Canadian tariff, and competing feedstocks help explain why soybean oil missed diesel’s rally—even as biofuel production set records and U.S. gallons headed overseas.
Welcome back, feedstock imports. July U.S. UCO and tallow imports topped 1 billion pounds, led by a record 746 million pounds of UCO and another 271 million pounds of tallow. August slowed to 835 million pounds, bringing the two-month total to 1.852 billion pounds.
The driver was soybean oil. Soybean oil helped bring those imports back. Now they’re competing for its demand—even with record biofuel production.
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