Neste, the world’s largest producer of renewable diesel and jet fuel, reported fourth quarter earnings below market expectations and provided a 2024 outlook, indicating sales margins would fall below the 2023 average of $863 per ton.
Fourth-quarter 2023 renewable products comparable sales margin increased 7.7 percent to $813 per ton, up from $755/ton in the fourth quarter of 2022. Full-year 2023 renewable products comparable sales margin was $863/ton, 10.8 percent above the $755/ton average during 2022.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...