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Henri Bardon
Jan 4, 20231 min read
New Sustainable Aviation Fuel IRS tax credit emerges for 2023 and 2024 from Inflation Reduction Act
There is much to write about Biodiesel but certainly more importantly it is the SAF credit of $1.25 per Gallon that will apply to...
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Henri Bardon
Dec 21, 20221 min read
Backwardation returns in both gasoil and especially bean oil
Inverse in Jan/May Bean oil is up 272% since Dec 5 while in Gasoil Jan/May is up 87% ...hmmmmm. Bean oil as coefficient has barely moved...
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Henri Bardon
Dec 13, 20221 min read
Is Bean oil overpriced Vs Diesel?
It is my go-to model for bean oil and it appears that trend has yet to be broken as we moved this month from the 1.80's to 1.60's. Still...
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Henri Bardon
Dec 9, 20221 min read
Gasoil in NWE back to pre-war levels of last February and not far from 200 day support level
Gasoil has dropped 15% in the last 3 months returning to pre-war levels as spot distillate inventories have grown in face of record...
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Henri Bardon
Dec 8, 20221 min read
EU expand annex IX feedstocks for Biodiesel and especially part B where UCO dominated
Sounds like a complex move but reality is that the expansion of Annex IX part B was necessary as it was so limited to essentially two...
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Henri Bardon
Dec 6, 20221 min read
Biodiesel Crush margin down nearly 50% in last 3 months
With ICE Gasoil down nearly 8% on the day and Heating oil nearly 4%, difficult to tell where this market is going but margins for...
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Henri Bardon
Dec 5, 20221 min read
EPA unleashes Canola oil for Renewable Diesel production
Although canola oil has been used for conventional biodiesel since 2010 and rapeseed oil since 2013, it was not yet approved for...
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Henri Bardon
Dec 2, 20221 min read
Spot Diesel in Northwest Europe develops con-tango while Soyoil collapses
It is remarkable that we moved from +$30 backwardation in diesel a month ago to a -$4 contango yet the backwardation for gasoil of Jan23...
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Henri Bardon
Dec 1, 20221 min read
RVO timid proposal sends soy oil share much lower ...42% not too far!
As I had previously said, Bean oil was pricing a large increase in Biomass-based Diesel but that ended up being long and wrong! I think...
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Henri Bardon
Nov 30, 20221 min read
Bean oil as a % of Gasoil relentlessly higher ahead of RVOs
Even earlier this year when we thought we had no Soy crop and with a War in Europe we didn't reach 1.80X but here we are just ahead of...
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Henri Bardon
Nov 29, 20221 min read
Oilshare keeps ascending...RVOs better no disappoint!
No news is good news, oilshare keeps moving higher to 0.48 while Biodiesel screen crush gets pummeled lower. Would be careful here as...
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Henri Bardon
Nov 28, 20221 min read
Mixed bag Monday...
FEDIOL reporting record high crushing for Rapeseed this past October yet RME premium strength continues in Europe as Gasoil is imploding...
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Henri Bardon
Nov 22, 20221 min read
Beanoil as coefficient of Gasoil spikes ahead of Thanksgiving
Bean oil is spiking higher despite Brazil incoming govt announcing that they would not increase mandate until possibly next year....
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Henri Bardon
Nov 21, 20221 min read
Biodiesel Crush margin volatility ahead of RVOs doesn't disappoint
Significant drop in crude and Heating oil are crushing biodiesel margins. Soyoil remains steady despite record low FOB premiums for...
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Henri Bardon
Nov 14, 20221 min read
No Palm and soon no Soyoil feedstock for Europe?
The very bias soy study published by the Transport and Environment blames Amazon deforestation on biofuels when in fact 80% of a Soybean...
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Henri Bardon
Nov 11, 20221 min read
2 Metric Tons of Palm oil for 1 Metric Ton of Bean oil?
What is happening here is exceptional as we had seen +$300 per MT premium in times of Soya crop concerns when the actual naturally...
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Henri Bardon
Nov 10, 20220 min read
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Henri Bardon
Nov 8, 20221 min read
Heading into another year of increasing Vegetable oil supplies
We have record oilseeds crops being grown in South America after just harvesting another record crop in US this year. Overall production...
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Henri Bardon
Nov 4, 20221 min read
EPA drag their feet on RFS volume requirements
“We agreed to EPA’s request for a two-week extension on the condition that November 30 will be the final deadline and there will be no...
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Henri Bardon
Nov 3, 20221 min read
Whatever scenario you pick, Biofuels seen 4X 2021 volumes by 2050
Have seen the business explode from 5 Mil Metric Tons in 2006 to 50 Mil MT this year, IEA is predicting another doubling by 2030 and so...
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