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 closing numbers
The biofuels industry, biodiesel and renewable diesel producers in particular, received much needed support, as congressional and industry pressure forced EPA chief Scott Pruitt to backpedal on his RFS stance. Pruitt went on the record yesterday saying that his agency will keep renewable fuel volume mandates at or above proposed levels…