top of page

GHG efficiency of Biofuels means less blending and larger exports from Germany


BLE has confirmed what was felt by all market traders that not only Biofuels usage has reached a plateau as feedstock choices have increased GHG of Biofuels efficiency dramatically causing Germany to continue to become a major biodiesel exporter (2.7 Mil MT in 2023 up from 2.34 Mil MT in 2022) despite increased mandate to 8%. We also note that RME gross margins continue to narrow ($210/mt) as we experience a rebound in vegoil prices. Although, this writer believes this rebound, particularly for RSO will be temporary until new crop as imports of Rapeseed are 13% lower than last year with Australian origin being the most significant change (only 768kt this year Vs last year 2.0 Mil Mt).



17 views0 comments

Comments


bottom of page