In December,
Biodiesel differs from petroleum diesel in that it is produced with organic renewable feedstock rather than environmentally hazardous crude oil. It is an efficient alternative energy source, with a smaller exhaust release than petroleum fuel. Biodiesel is primarily used by the Automotive, Aviation, Industrial, Marine, Agricultural and Mining industries.
Biodiesel Market Forecast
SME and FAME Biodiesel prices have steadily risen over the past 3 years. Each was below 1k per ton 3 years ago, FAME is now at 2.05k, and SME 1.59k.
According to Market Data Forecast, the size of the Global Biodiesel Market generated
Market Data's forecast could be a bit conservative when you consider:
-S&P Global Platts Analytics, renewable diesel production is expected to reach 4.081 billion gallons annually by 2025, compared with the 538 million gallons produced in 2020.
-Global crude oil prices are forecasted to climb well above
US Policy to Benefit Biodiesel
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The federal government is the world's single largest purchaser of goods and services, spending over
Key Differentiating Features of VKIN's Facility
Looking at VKIN's potential facility, there are a few features it has which could help position the company as a biodiesel leader and make for a profitable balance sheet.
The first is the facility's location.
The second is the company's pre-treatment unit. Every renewable diesel plant in the US needs a pretreated feed to run, however, not all biodiesel production facilities have a pre-treatment center, VKIN's will.
Putting a pretreatment plant on-site gives greater feedstock flexibility to run more than soybean oil and take advantage of other local crops like canola and camelina.
This is particularly important considering the rising prices of pretreated feedstock. Increased transportation fuel demand for soybean oil increased its price, which has pulled up the costs of other renewable fuel feedstocks like beef tallow.
Finally, VKIN's ESG technology captures carbon emissions from combustible engines as well as captures commodities such as distilled water, ammonia, ethanol and methanol. Could potentially provide ethanol for biodiesel production. This is just an inference based on my research and has not been stated by the company.
Start your research on VKIN today.
Key Details on VKIN's Acquisition
There are a few more juicy details on this acquisition:
The closing date on this deal will be no later than
VKIN does still have the ability to pull out of the deal if their terms aren't met. So this isn't a 100% done deal.
The good news is if the deal closes this month, everything looks good for VKIN.
To learn more about VKIN start your research with our most recent article:
https://topnewsguide.com/2021/12/13/viking-energy-group-inc-otcmkts-vkin-helps-industry-reduce-carbon-footprint/
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