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.
Biodiesel and renewable diesel imports continue to enter the U.S. market at a rapid pace. 2015 Biomass-based diesel imports through August are already 96% of full year 2014 imports and ahead of the 2013 import pace that saw 342.4 million gallons imported. However, imports in 2013 accelerated greatly over the final four months of the year, likely taking advantage of the expiring tax credit at the time….