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.
EIA June 2020 Biodiesel Production & Feedstock Use
The Energy Information Administration’s (EIA) Biodiesel Production Report showed 151 million gallons of US biodiesel produced from 1.14 billion pounds of feedstock in June. Biodiesel production was 2.7 percent over May while feedstock consumption increased 2.4 percent. June biodiesel production was 6.3 percent above levels from a year ago. The ratio of feedstock used per gallon of biodiesel produced, narrowed from 7.54 pounds to 7.52 pounds per gallon.
According to the EIA, production came from 90 biodiesel plants, up one plant from last month, with a capacity to generate 2.514 billion gallons. This indicates that production, as a percent of capacity was 72 percent. Monthly domestic production capacity, per the EIA is 209.5 million gallons.
The industry’s most widely used feedstock remains…