04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Cargill and Love’s Plan Expansion into Renewable Diesel
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.
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