US East Coast becomes consistent destination of renewable diesel, EIA says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
0mins
Source: Reuters
Rising Renewable Diesel Consumption: The U.S. East Coast is experiencing increased consumption of renewable diesel, primarily supplied through imports, with over half of the fuel coming from overseas, particularly from Neste.
Impact of Clean Fuel Production Tax Credit: The upcoming Clean Fuel Production Tax Credit, effective next year, will exclude biofuel imports from tax credits, potentially altering trade dynamics and affecting importers supplying the East Coast.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
