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.
RD and SAF Outlook
CVR plans to continue to evaluate opportunities for renewables expansions, particularly into SAF production, at both Wynnewood and Coffeyville. President and CEO David Lamp noted, “on the potential Wynnewood project, we plan to begin soliciting bids over the next few months for off-take agreements that would support the potential conversion of the existing RDU (renewable diesel unit) to 100 percent SAF. On a potential larger project, we are evaluating at Coffeyville, we currently expect to have preliminary engineering and cost estimating work complete by the end of the first quarter.
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