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.
**Please note – The Jacobsen will not publish reports on Monday, Dec 25th in observance of the Christmas Holiday.**
*Please Note – Bob Lane was out of the office today and will return on Tuesday, December 26, 2023.*
During the month of December, the U.S. EPA showed that four new small refinery exemption (SRE) petitions had been filed under the Renewable Fuel Standard (RFS). The petitions were submitted by Hunt Refining Company, Wynnewood Refining Company, Calumet Shreveport Refining and Calumet Montana Refining for several of their facilities for the 2023 compliance year. With the most recent submissions, seven SRE petitions remain pending before the agency.
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