Renewable Diesel Feedstock Perspective
Source: Bloomberg, Jacobsen.
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LA Carb Diesel
1.7 x D4 RIN
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MARGINS ARE RESILIENT TO RECENT EVENTS
Individual margin components independently volatile, collectively stable
Daily Gross Margin Index ($/gal)
Jan-19
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May-19
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Jan-20
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BTC Real Time
LCFS
May-20
Ukraine Crisis, Low LCFS, Inflation, Palm Oil Crisis did not impact
stable RD margins
Jul-20
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Jan-21
Crude SBO
Mar-21
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Crude SBO Margin
Jan-22
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Jun-22
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$10.00View entire presentation