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.
Bartlett, a Savage Company, started operations at its recently completed soybean crush plant in Cherryvale, Kansas, in mid-September, one of several soybean processing plants in the US that have begun operating during the last few months.
The Cherryvale plant will process up to 49 million bushels of soybeans each year and provide soy feedstocks for refined vegetable oils, animal feed and renewable transportation fuels, the company said.
The site includes the processing plant, product tank farm, grain elevators and a multi-loop rail network system. The South Kansas & Oklahoma Railroad, owned and operated by WATCO, provides rail services for the facility, connecting the plant to a network of carriers.
“We’re excited that this plant will play dual roles in satisfying growing demand for feed and food and also renewable energy,” Savage’s chief executive officer Kirk Aubry said in a news release.
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