Vertex Successfully Hit Top End Projections but Poor Margins are Limiting Run Rates
Rising feedstock costs are taking a bite out of biodiesel and renewable diesel production margins. Soybean oil isn’t only the most widely used feedstock in the production of biomass-based diesel, but it is often the bell weather indicator of where feedstock prices might be headed.
Crude degummed and RBD soybean oil prices have seen a steep runup in price since the end of May. Crude degummed prices have increased 47 percent, climbing from an end of May weekly average price of 51.2 cents per pound to a 75.3 cents per pound at the end of July. The average weekly RBD price climbed 40 percent, from 62.3 cents per pound to 87.2 cents per pound during the same period.
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10.07.2024
CleanJoule seeks to break SAF blend wall, lower price
Startup producer CleanJoule says its sustainable aviation fuel (SAF) process could allow for blends of up to 100%, and could eventually be priced competitively with conventional jet fuel, Mukund...
10.07.2024
European market for animal fats and oils higher on strength in biodiesel, gasoil markets
Distillers’ corn oil (DCO) traded lower into Manly, Iowa on Monday October 7, falling by 0.25 cents per lb from the last traded price, the lone report in what...
10.07.2024
US poultry by-product prices steady to lower; hog slaughter forecast higher in Q4
Trading was mostly quiet in the US animal protein market on Monday October 7, with minimal price changes reported. Poultry items were indicated as steady to lower, though price...