Used cooking oil ???

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   (Bloomberg) -- As President Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels.
A group that represents the biggest US soybean processors, including Cargill Inc., Bunge Global SA and Archer-Daniels-Midland Co., wants the levies to be higher than the current 15.5% rate, according to a notice the National Oilseed Processors Association, or NOPA, sent to its members over the weekend that was seen by Bloomb.

NOPA Chief Executive Officer Kailee Tkacz Buller said the memo was sent in response to rumors of possible additional tariffs being applied on used cooking oil. NOPA members support a boost on par with other clean energy sources, such as electric vehicles and solar, to level the playing field, Buller said in an email. 
Soybean crushers worry a flood of used cooking oil imports from China is weakening demand for US crop-based ingredients that can be used to make renewable diesel and sustainable aviation fuel. There’s also widespread, unconfirmed speculation the used oil from Asia may not be authentic and instead is mixed with fresh vegetable oils, such as palm, potentially distorting commodity values and undermining US biofuel laws.
Soy oil values are down so far this year, though futures in Chicago have seen an uptick in the last couple of trading days as commodities traders await tariff news. Biden on Tuesday is expected to unveil an increase in some tariffs first imposed under former President Donald Trump. It’s not known if the announcement will include used cooking oil. 
US growers of soy and other crops used to make renewable diesel stand to lose the most from the trade imbroglio, according to agriculture traders. That sets the stage for possible tension between farm groups and biofuel producers who are making money importing used cooking oil from China.   
US imports of used cooking oil more than tripled in 2023 from a year earlier, with more than 50% coming from China, according to the US International Trade Commission. The surge is eroding profits for processors who crush whole soybeans to extract the oil, forcing some plants to slow down.
The increased imports also jeopardize plans to ramp up US crushing capacity amid a flurry of government incentives aimed at making lower-carbon fuels to help fight climate change. 

Edited by steve(ill) - 13 May 2024 at 8:24pm

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steve(ill) Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Access Joined: 11 Sep 2009 Location: illinois Points: 85458	Post Options Post Reply Quote steve(ill) Report Post Thanks(0) Quote Reply Topic: Used cooking oil ??? Posted: 13 May 2024 at 8:23pm
	(Bloomberg) -- As President Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels. A group that represents the biggest US soybean processors, including Cargill Inc., Bunge Global SA and Archer-Daniels-Midland Co., wants the levies to be higher than the current 15.5% rate, according to a notice the National Oilseed Processors Association, or NOPA, sent to its members over the weekend that was seen by Bloomb. NOPA Chief Executive Officer Kailee Tkacz Buller said the memo was sent in response to rumors of possible additional tariffs being applied on used cooking oil. NOPA members support a boost on par with other clean energy sources, such as electric vehicles and solar, to level the playing field, Buller said in an email. Soybean crushers worry a flood of used cooking oil imports from China is weakening demand for US crop-based ingredients that can be used to make renewable diesel and sustainable aviation fuel. There’s also widespread, unconfirmed speculation the used oil from Asia may not be authentic and instead is mixed with fresh vegetable oils, such as palm, potentially distorting commodity values and undermining US biofuel laws. Soy oil values are down so far this year, though futures in Chicago have seen an uptick in the last couple of trading days as commodities traders await tariff news. Biden on Tuesday is expected to unveil an increase in some tariffs first imposed under former President Donald Trump. It’s not known if the announcement will include used cooking oil. US growers of soy and other crops used to make renewable diesel stand to lose the most from the trade imbroglio, according to agriculture traders. That sets the stage for possible tension between farm groups and biofuel producers who are making money importing used cooking oil from China. US imports of used cooking oil more than tripled in 2023 from a year earlier, with more than 50% coming from China, according to the US International Trade Commission. The surge is eroding profits for processors who crush whole soybeans to extract the oil, forcing some plants to slow down. The increased imports also jeopardize plans to ramp up US crushing capacity amid a flurry of government incentives aimed at making lower-carbon fuels to help fight climate change. Edited by steve(ill) - 13 May 2024 at 8:24pm
	Like them all, but love the "B"s.

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Lars(wi) Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Access Joined: 14 Sep 2009 Location: Permian Basin Points: 7697	Post Options Post Reply Quote Lars(wi) Report Post Thanks(1) Quote Reply Posted: 13 May 2024 at 9:17pm
	This is the oil from the soybeans we exported to China in the first place?
	I tried to follow the science, but it was not there. I then followed the money, and that’s where I found the science.

Hubert (Ga)engine7 Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 12 Sep 2009 Location: Jackson Cnty,GA Points: 6395	Post Options Post Reply Quote Hubert (Ga)engine7 Report Post Thanks(1) Quote Reply Posted: 14 May 2024 at 10:25am
	Anything which we can make here or make a substitute for should NOT be imported from China. There is no way of knowing what other chemicals (think hazardous waste) is contained in that "cheap" oil. And personally I don't want to be flying in an aircraft burning fuel made from that crap.
	Just an old country boy saved by the grace of God.

ac fleet Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 12 Jan 2014 Location: Arrowsmith, ILL Points: 2324	Post Options Post Reply Quote ac fleet Report Post Thanks(0) Quote Reply Posted: 14 May 2024 at 11:14am
	Ban that bio crap to begin with!!! It destroys injection pumps!!!!
	http://machinebuildersnetwork.com/