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.
According to the Energy Information Agency (EIA), the United States imported 28.1 million gallons of biomass-based diesel (D4) during August. Imports of D4 were up one percent from July and 17 percent above the volume imported during August of 2019. D4 imports have reached 297.7 million gallons in 2020 and are running 9.1 percent over the 2019 import pace through August. Renewable…