Vertex Successfully Hit Top End Projections but Poor Margins are Limiting Run Rates
Rising feedstock costs are taking a bite out of biodiesel and renewable diesel production margins. Soybean oil isn’t only the most widely used feedstock in the production of biomass-based diesel, but it is often the bell weather indicator of where feedstock prices might be headed.
Crude degummed and RBD soybean oil prices have seen a steep runup in price since the end of May. Crude degummed prices have increased 47 percent, climbing from an end of May weekly average price of 51.2 cents per pound to a 75.3 cents per pound at the end of July. The average weekly RBD price climbed 40 percent, from 62.3 cents per pound to 87.2 cents per pound during the same period.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...