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.
Louis Dreyfus Company (LDC) announced today that it will be constructing a soybean processing plant in Upper Sandusky, Ohio. The facility will have an annual soy crushing capacity of 1.5 million metric tons (MT), annual soybean production capacity of 320,000 MT and annual lecithin production capacity of 7,500 MT. Construction is expected to begin in early 2024 and the plant is expected to employ over 100 people.
The new plant is part of LDC’s global expansion strategy to increase its processing capacity and to meet the growing demand for soybean products. The plant will compliment LDC’s current soybean processing facility located in Claypool, Indiana.
The demand for renewable diesel and sustainable aviation fuel (SAF) is expected to grow significantly in the coming years, and soybean oil is among the most common feedstocks used to produce these fuels.
…