Biodiesel sees big losses in 2021
The biodiesel industry experienced its worst losses on record last year due mostly to price hikes in soybean oil, the primary ingredient in the fuel, according to a University of Illinois analysis.
“We estimate that the average net loss in 2021 (for a representative Iowa biodiesel plant) was 61 cents per gallon, which dwarfs the historical average profit of 3 cents,” said University of Illinois economist Scott Irwin last week. “This...
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