04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
US Biodiesel production Capacity Declined 49 MMgy with 11 Fewer Plants During 2019
The Annual US Biodiesel Plant Production Capacity report, released by the US Energy Information Administration, shows data for all operating US biodiesel plants as of January 1, 2020.
The data shows annual production capacity narrowed from 2.563 billion gallons per year on January 1, 2019 to 2.514 billion gallons on January 1, 2020. Ten states experienced loss of production during 2019 with Florida and Missouri seeing multiple plant closures. Utah had the largest production decline, dropping 40 mmgy with loss of Washakie Renewable Energy not appearing on the 2020 production report. In total, capacity was reduced by 114 million gallons due to companies dropping of the list.
Offsetting some of the production decline was the addition of two plants during the course of the…