Within the US we are seeing established renewable diesel producers actively expanding in order to claim additional market share in the renewable diesel sector. Strong margins in a market that has room to expand from the traditional transportation auto market into aviation has both old and new participants looking to raise capacity. Oil refiners are currently staged to make a big splash in the US market as several already have large projects ramping up or considering additional projects in the next three to five year period. Below are graphs indicating how we currently see capacity expanding. It is a rapidly changing market with several new project plans being announced each quarter.
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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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...