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.
A previous court ruling stated that CARB violated the California Environmental Quality Act (CEQA) when it adopted the original LCFS regulations in 2009. In 2013, the court identified the violations and directed the issuance of a writ of mandate compelling CARB to take corrective action.
In Poet’s appeal, the issue focused on whether CARB’s disclosures about the project’s effects on biodiesel…