Oil Producers Take Notice of Renewable Diesel Margins

Category: Biodiesel

Oil Producers Take Notice of Renewable Diesel Margins

Bob Lane | 08.06.2020

CVR Energy reported in May that they had started the process of evaluating the transition of at least one of their refineries to produce renewable diesel.  CEO David Lamp said they had the existing assets and excess hydrogen, which put them in prime position to move into renewable diesel production. Having those assets in place put them at an asset advantage compared to others looking to build from a grassroots level, saving them at least five-fold the capital cost.

Fast forward to August.  CEO Lamp announces th...

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