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.
Uncertainty Leaves RINs Volatile
Biodiesel RINs continue to pare losses after falling 33 percent following remarks the White House was considering aiding refiners that have seen compliance costs rise sharply in recent months. RIN values had fallen up to 33 percent in value with the D4 biomass-based diesel RIN dropping from $2.03 before the announcement to $1.37 in the days following. Values began to stabilize on Friday and continued to climb higher on Monday, with the D4 RIN settling at $1.59.
The renewable fuels market continues to operate without renewable volume obligations (RVO’s) for 2021 and the supreme court is expected to issue their ruling on small refinery exemptions (SRES) within the coming weeks. These two issues will have a huge impact on where RIN values stand. A move by the Administration to roll back…