Roman Zenon Dawidowicz

U.S. EIA numbers paint an interesting picture with what’s been happening with soybean oil and its use in renewable diesel. The expansion in USA renewable diesel capacity has meant that there is a much larger consumption of soybean oil used in biofuel. In general, non-biofuel use should grow at a steady rate of population and economic growth. But the advance in renewable diesel consumption has meant U.S. soybean oil supply is being increasingly taken up by biofuel production with the EIA predicting renewable diesel production to expand by 30% Annually In 2024 and 2025. Currently predictions are that renewable diesel production will average approximately 230,000 barrels per day in 2024, expanding to 290,000 barrels per day in 2025. Production averaged approximately 200,000 barrels per day at the end of 2023. (STEO) According to  Roman Zenon Dawidowicz , Renewable diesel production capacity has expanded significantly in recent years. EIA data shows capacity was at 1.75 billion gallons...

U.S. EIA numbers paint an interesting picture with what’s been happening with soybean oil and its use in renewable diesel. The expansion in USA renewable diesel capacity has meant that there is a much larger consumption of soybean oil used in biofuel. In general, non-biofuel use should grow at a steady rate of population and economic growth. But the advance in renewable diesel consumption has meant U.S. soybean oil supply is being increasingly taken up by biofuel production with the EIA predicting renewable diesel production to expand by 30% Annually In 2024 and 2025. Currently predictions are that renewable diesel production will average approximately 230,000 barrels per day in 2024, expanding to 290,000 barrels per day in 2025. Production averaged approximately 200,000 barrels per day at the end of 2023. (STEO) Renewable diesel production capacity has expanded significantly in recent years. EIA data shows capacity was at 1.75 billion gallons per year in January 2022 and had reached 3...

H aving a look at current fundamentals for Biodiesel feedstocks in the USA, I started to think about palm oil. One needs to look at what capacity is going to look like and what does this mean for demand across the veg oils and fats markets. One way to look at this is through the spreads between soybean oil and the other vegetable oils such as canola and palm oil. Bear in mind that historically canola trades at a premium to soybean oil, and soybean oil is usually at a premium to palm oil. The soybean oil and palm oil spreads have been quite volatile in recent years, however this spread has narrowed substantially to almost even since 2023 as Soybean oil has fallen from its July 2023 high of 64c/lb to now trade at 47.66c/lbs, while Malaysian palm oil has rallied as ending stocks are pegged below 2mmt, according to Reuters. Stocks should be low into April 2024, but should recover post Ramadan. But we must as always keep an eye for China and India demand, as well as the potential effects of...

Imagine a world of siloed neighbourhoods, each with its own currency and communication system. While functional within their boundaries, interacting with someone from a different neighbourhood becomes a complex task requiring converters and intermediaries. This is analogous to the current state of blockchains — isolated networks with limited ability to exchange data and assets seamlessly. Blockchain interoperability, also known as cross-chain technology, bridges this gap. It allows different blockchains to communicate and interact with each other, fostering a more interconnected and functional blockchain ecosystem. Roman Dawidowicz dives into the concept of blockchain interoperability, exploring its significance, benefits, and the various technological solutions paving the way for a future of interoperable blockchains. Roman Zenon Dawidowicz is a language expert, experienced in Commodities such as Biofuels, and Grains and Oilseeds physical markets and passionate about how blockchain is...