Biodiesel has long constituted a small but stable portion of the diesel fuel diet in North America, its production being driven primarily by the U.S. Renewable Fuel Standard and Biodiesel Income Tax Credit (BTC). Produced from a variety of feedstocks, including soybean oil, corn oil, animal fats, and used cooking oils, biodiesel offers a low “carbon intensity,” or CI — a big plus in California and other jurisdictions with low carbon fuel regulations. The incentives for producing biodiesel are substantial, but there are two big catches with the fuel: a limited supply of feedstocks and properties limiting how much can be blended with petroleum-based diesel. Today, we continue our series on low carbon fuel standards with a look at biodiesel’s pros, cons, history, and prospects.
Bio:
Tim Deutsch is a Consultant with Baker & O’Brien, Inc. (www.bakerobrien.com), an oil and gas consultancy specializing in market advisory as well as expert support for complex commercial disputes. Tim is experienced in refinery engineering, operations, economics, and planning with prior positions at Marathon Petroleum Corporation, Andeavor, and Flint Hills Resources. Tim holds a B.S. in Chemical Engineering and an MBA from the University of Minnesota. He can be reached by email at tim.deutsch@bakerobrien.com.
Position:
Consultant at Baker & O’Brien
In The News
