Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of biodiesel output — in the Midwest.
On the West Coast, there is a shortage of crude glycerin, which has been supporting prices.
US Midwest glycerin prices have been fluctuating in the range of 5-8 cents per lb. Producers with limited storage and strong production have had to sell glycerin at a discount to keep biodiesel volumes flowing, sources told Fastmarkets.
Vertex to “pause” RD production at Alabama refinery
Vertex Energy announced it would “pause” renewable diesel (RD) production at its refinery in Mobile, Alabama, and convert the hydrocracking unit to again produce fossil fuels.
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