** Amanda is out of the office until Friday, March 1. In her absence, please contact Bob Lane – [email protected]**
CVR, like many biofuel producers, relies heavily on vegetable oils as a feedstock in the production of fuel. CVR consumed 18 million gallons of vegetable oil in the production of renewable diesel during the fourth quarter. In the company’s fourth quarter earnings call, President and CEO David Lamp noted “the bean oil/heating oil spread (BOHO) improved but this was more than offset by reduced prices and a weaker basis for California diesel.” A sharp downturn in economics led to an EBITDA loss for the renewable diesel segment in the fourth quarter.
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04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...