The Love’s Family of Companies, Cargill and their affiliates have entered into a 50/50 joint venture to produce and market renewable diesel. The JV is called Heartwell Renewables and will be built in Hastings, Nebraska. The facility will have an annual capacity of about 80 million gallons of renewable diesel.
Cargill will provide feedstock in the form of tallow, a highly sought-after feedstock for renewable diesel. Tallow has a favorable carbon intensity score allowing it to generate more credits per gallon in LCFS markets when compared to vegetable oil feedstocks. Construction of the plant is expected to begin in the next few weeks with a tentative startup date in the spring of 2023.
…
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...