Clean fuel regulation

[GOODRUM]

Clean Fuel Regulation

Everyone on board with this?
I tried to paste the link but for some reason my phone won’t allow it.

[AlbertaFarmer5]

What countries clean fuel regulations are you referring to? I don't see anything recent in the news about Canada or the us.
Indonesia on the other hand did recently increase their biodiesel mandate to 40% blends. As I understand it they aren't virtue signaling about climate, this is an economic decision because it is more cost-effective than diesel.
Considering that recently palm oil has been more expensive than canola oil, what does that say about the economics of biodiesel/renewable diesel here? Every time I look at it, it doesn't pencil. But somehow it does in Indonesia?

[GALAXIE500]

Correct me if I am wrong but I thought that a clean fuel regulation was coming into effect in Canada for 2025 ? Big shout out to the Liberals , just another tax on top of tax!

[LWeber]

[QUOTE=AlbertaFarmer5;n806995 Considering that recently palm oil has been more expensive than canola oil, .[/QUOTE]


The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange lost 107 ringgit, or 2.17%, to 4,817 ringgit ($1,077.87) a metric ton at the close. (REUTERS)

Best to re-adjust your math. 1077 USD to CAD is $1509 this morning.

[AlbertaFarmer5]

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange lost 107 ringgit, or 2.17%, to 4,817 ringgit ($1,077.87) a metric ton at the close. (REUTERS)

Best to re-adjust your math. 1077 USD to CAD is $1509 this morning.

I said recently. I read it on the internet sometime in the past few months so it must be true... I don't recall the source.
Has that not been the case at any point in recent months?

[LWeber]

Has that not been the case at any point in recent months?

In September on 104 sales, the average canola oil export price was CAD$2294.20/MT. Palm oil hit a record high on November 04 at USD$1177.41/MT or CAD$1648/MT. The premium for canola over palm widened from $462/MT in August to $648/MT even at Palm's record value in November and canola's value in Sept. IMO there is little to no chance that palm was higher than canola.

[AlbertaFarmer5]

In September on 104 sales, the average canola oil export price was CAD$2294.20/MT. Palm oil hit a record high on November 04 at USD$1177.41/MT or CAD$1648/MT. The premium for canola over palm widened from $462/MT in August to $648/MT even at Palm's record value in November and canola's value in Sept. IMO there is little to no chance that palm was higher than canola.

Thank you. I've tried to find the source. But failed.

[AlbertaFarmer5]

I found the article. It was soy oil, not canola oil, which since August had been cheaper than palm oil.

[shtferbrains]

In September on 104 sales, the average canola oil export price was CAD$2294.20/MT. Palm oil hit a record high on November 04 at USD$1177.41/MT or CAD$1648/MT. The premium for canola over palm widened from $462/MT in August to $648/MT even at Palm's record value in November and canola's value in Sept. IMO there is little to no chance that palm was higher than canola.

So why are all the crush plants being built to supply the California clean fuel regulations?
Can they not blend Palm oil?

It for sure makes the butter stay hard?
Is that a factor?