West Coast UCO Prices Move Lower
Used cooking oil (UCO) traded lower out of the Northern and Southern California FOB markets today as margin pressure...
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Economic Advantage of Reduced BOHO Offset by RIN Decline
The biomass-based diesel market finds itself in a challenging environment. The soybean oil-to-heating oil (BOHO) spread is used as a measure of profitability in producing biodiesel and renewable diesel from soybean oil. Many feedstock choices tend to follow the BOHO spread.
A high, or rising BOHO spread, indicates it is, or becoming more expensive to produce biodiesel from soybean oil. When the BOHO spread is high, RIN values generally climb to help incentivize production. Without RINs, producin...
