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.
Hugoton Kansas RD Plant Expected to be Operational by Dec 31, 2021
Seaboard Energy, a division of Seaboard Foods and a wholly owned subsidiary of Seaboard corporation announced they are staying on track with plans to convert the former Abengoa ethanol plant, aquired in February 2019, to a renewable diesel facility in Hugoton, Kansas.
Seaboard Energy is developing a greenfield fat and oil pre-treatment plant, hydrogen plant and renewable diesel plant on the 800-acre site. Seaboard Energy President and CEO Gary Louis announced, “The facility location provides Seaboard Energy a strategic geographic advantage to capitalize on the integrated supply of inputs from area feedstock producers, Seaboard Foods’ processing plant and Seaboard Foods’ farms.”
The target date for completion remains December 31, 2021 and is will have the…