11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
February EMTS production remains somewhat stagnant. At 131.66 million gallons, it is arguably much better than the 89.2 million gallons produced in Feb of 2015, but, given the larger mandate, it is still well below the 158.33-million-gallon monthly average needed to achieve this year’s mandate. We are currently 59.2 million gallons’ and 81.5 million RINs shy of the average needed to be…