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.
The volume of LCFS credits that traded during the week ending April 23rd, was down 38% from the week prior. Per California’s Air Resource board (CARB), 92,122 credits traded between April 17th and the 23rd. Average weekly volume during 2017 decreased from 93,932 credits to 93,819. This is noticeably less than the 121,567-average covering the second half of 2016.
The latest weekly…