ADM Boosts Late-Summer Biodiesel Imports, Neste Trims Renewable Diesel -- OPIS
10 November 2022 - 3:05AM
Dow Jones News
While the last full month of summer featured a pullback in U.S.
renewable diesel imports, biodiesel shipments climbed during the
month mostly on the back of increased deliveries from industry
leader Archer Daniels Midland, according to recently updated Energy
Information Administration figures.
Altogether, biodiesel imports to the U.S. during August amounted
to 15.582 million gal, climbing 37.9% from the month before as well
as 29% year to year, with ADM imports accounting for nearly 70% of
all August shipments, OPIS analysis of EIA's latest company-level
import data revealed.
Of the August biodiesel import total, ADM delivered 10.878
million gal of the fuel -- or 37% more than the month before and
51.5% more than the company imported a year ago -- all of it
originating out of Canada.
The breakdown of ADM shipments had the company taking 3.528
million biodiesel gal to International Falls, Minn., during August,
along with a 2.982 million gal delivery to Houston, a 2.73 million
gal shipment into Newark, N.J., and a 1.512 million gal load into
Blaine, Wash. ADM also moved 126,000 gal of biodiesel from Canada
to Eastport, Idaho, in August.
Global energy-commodity trader Vitol was the other company that
significantly increased month-to-month biodiesel imports to the
U.S., totaling 3.486 million gal from Canada in a string of
shipments delivered to Port Huron, Mich., and Buffalo-Niagara
Falls, N.Y. That had Vitol importing more than four times the
biodiesel it did the month before while also more than doubling its
year-ago import level.
On the other hand, sometimes prolific importer GreenAmerica
Biofuels cut its biodiesel imports to the U.S. to just one 546,000
gal August shipment that landed in Buffalo-Niagara Falls. That is
down almost 76% from its July shipments and about half the volume
it imported a year ago.
Shell's Shell US Trading Company imported 420,000 gal of
biodiesel from Canada to the U.S. in August, about 17% less than
the month before and a little more than one-sixth the imports
reported the same time last year. Shell's August imports included
210,000 gal into Blaine, 84,000 gal each into Buffalo Niagara and
Champlain-Rouses Point, N.Y., followed by 42,000 gal delivered into
Detroit.
Biodiesel imports by Targray Markets continued to represent a
smattering of shipments from Canada, with a total of 252,000 gal
divided equally between deliveries to Portal, N.D. and Sweetgrass,
Mont. That is down about 47.5% from month to month.
While overall biodiesel imports rebounded over the last full
month of summer, information rounded up by EIA indicated a 29% cut
in renewable diesel imports as Finnish renewable diesel producer
Neste sent 17.682 million gal from Singapore to West Coast ports in
August. Neste imports brought 8.61 million gal to storage in Los
Angeles and 7.644 million gal to the San Francisco area, with the
company rounding out its August deliveries by dropping 1.428
million gal in Portland, Ore.
Compared to August 2021, the monthly renewable diesel import
total dropped nearly 29.5% year to year.
EIA import product codes for August also indicated Asia-origin
shipments of unspecified "other renewable fuels" by Phillips 66
delivered to San Francisco totaling 504,000 gal, with the largest
slug being 420,000 gal coming from Japan. A pair of Phillips 66
renewable fuels shipments together totaling 84,000 gal also arrived
from Malaysia and Singapore during the month.
Ethanol imports reawakened in August, with the 18.69 million gal
delivered into Selby, Calif., from Brazil by the Shell-Cosan
joint-venture Raizen North America. That ethanol delivery
represented the first EIA-recorded fuel ethanol imports since May.
The resurgence in August ethanol imports also jumped it almost 56%
compared to the same month in 2021.
The latest update to U.S. Department of Commerce figures
indicate that biodiesel imports continued to expand into September,
with the agency estimating about 19.69 million gal arrived from
foreign sources. At the same time, the tap on fuel-ethanol imports
may have tightened again, with the agency pegging only a negligible
September volume coming from Brazil.
--Reporting by Spencer Kelly, skelly@opisnet.com; Editing by
Michael Kelly, mkelly@opisnet.com
(END) Dow Jones Newswires
November 09, 2022 10:50 ET (15:50 GMT)
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