California responsible for half of national renewable diesel demand

In California, demand for renewable diesel in the state makes up for about half of the country’s consumption, the vast majority of which is supplied by Neste’s refineries in Singapore and Europe. California’s credits generated by renewable diesel reached $91.74 per metric ton earlier this month with some analysts believing its could rise to $215 per ton by 2019. Nearly 628,000 tons of credits were generated in Q4 last year compared to around 6,000 in 2011.