Two biodiesel production plants in the Midwest owned by Chevron Renewable Energy Group will shutter operations as a result of weak price margins. The company’s biodiesel plant in DeForest, Wisconsin, will be shut indefinitely in April due to market conditions, according to a recent LinkedIn post from the facility’s manager, Brian Coker.
It has also been reported that Chevron/REG will close its 30-million-gallon-per year plant in Ralston, Iowa, because of a challenging market environment. REG bought the 20-million-gallon-per-year Wisconsin biodiesel facility in 2016 from Sanimax and made several costly upgrades to the facility in the last several years. Chevron purchased REG, the leading producer of biodiesel in the U.S. in terms of production capacity, in mid 2022.
…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...