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.
Braya Renewable Fuels announced their facility in the city of Come By Chance, Newfoundland commenced commercial operations. Initial renewable dieseel production capacity is expected to reach 18,000 barrels per day, or 275 million gallons per year.
Braya has plans to expand production capacity, add sustainable aviation fuel production, and explore green hydrogen production. Braya’s retrofit of the refinery allows them to process feedstocks, which include soybean oil and distillers’ corn oil.
The refinery in Come By Chance is a repurposed petroleum refinery that once had an approximate output of 135,000 barrels per day.
“The refinery’s strategic location enables it to source low-carbon intensity feedstocks from anywhere in the world while delivering sustainable fuels to low-carbon markets in North America and Europe,” said the company in a statement on its website.
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