The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero. That feedstock—used cooking oil, or rather, “waste oil”—is considered less carbon intense than vegetable oil when it comes to making renewable diesel.
And this makes it a highly profitable enterprise for those companies hoping to earn trading credits under California’s low-carbon fuel standard (LCFS). In fact, those incentives, which include a $1/gallon…Refiner Valero: U.S. Renewable Diesel Stocks Are Running Low
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