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Reuters: Biden's IRA drives surge in US imports of Chinese used cooking oil
Biden's IRA drives surge in US imports of Chinese used cooking oilBy Andrew Hayley
September 22, 2023 12:46 PM EDT
BEIJING, Sept 22 (Reuters) - U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost $390 million in the last 12 months and growing rapidly, China's customs data shows.
China has been shipping more waste oil to the U.S. since October 2022, two months after the Biden administration passed the Inflation Reduction Act (IRA) to promote clean energy, which included tax credits for production of sustainable aviation fuel (SAF) and extended incentives for biodiesel.
In the first eight months of 2023, Chinese exports of used cooking oil (UCO) to the U.S. totalled almost 384,000 metric tons, customs data shows. That accounted for around 65% of U.S. imports through August, data from shiptracking firm Kpler showed.
Used cooking oil can be refined into fuels such as biodiesel and SAF, which can be blended with conventional fuels to reduce carbon emissions. It is also a feedstock for renewable diesel, which is chemically equivalent to petroleum-based diesel.
…
Note: Monthly UCO imports in barrels per day
Source: Kpler
…
September 22, 2023 12:46 PM EDT
BEIJING, Sept 22 (Reuters) - U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost $390 million in the last 12 months and growing rapidly, China's customs data shows.
China has been shipping more waste oil to the U.S. since October 2022, two months after the Biden administration passed the Inflation Reduction Act (IRA) to promote clean energy, which included tax credits for production of sustainable aviation fuel (SAF) and extended incentives for biodiesel.
In the first eight months of 2023, Chinese exports of used cooking oil (UCO) to the U.S. totalled almost 384,000 metric tons, customs data shows. That accounted for around 65% of U.S. imports through August, data from shiptracking firm Kpler showed.
Used cooking oil can be refined into fuels such as biodiesel and SAF, which can be blended with conventional fuels to reduce carbon emissions. It is also a feedstock for renewable diesel, which is chemically equivalent to petroleum-based diesel.
…
Note: Monthly UCO imports in barrels per day
Source: Kpler
…
4 replies
= new reply since forum marked as read
= new reply since forum marked as read
How does all this help at all? 
So similar to the boondoggle that is ethanol in gas from corn...
