That Go-Go Boy said at an energy conference today that the margins for renewable diesel are not what they expected, and the renewable credits are a lot lower, at 9-year lows, than expected as well. There are a lot of excess credits in California. The feed stock costs are lower than expected so there's still economic some incentives to run at full capacity. And they are making SAF that they weren't expecting.
My question is, how long are those incentives going to last?
It looks to me like he's a day late and a dollar short getting to the renewables party. So, it seems the one thing that Emerging Energy had going for it turned out not to be so great after all but maybe things will turn around in the future.
This information is from an Argus Media story posted today.
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Wonder if they would sell the plant or what the future will be if it doesn't work out with renewables....
I sorta feel for him. Nah not really. Bless his sole.
Let’s not forget Rodeo Renewed was started under the former regime. Gogo has his faults, but at this point he’s just carrying the torch similar to POTUS. Just a figurehead spewing propaganda. Nothing more.
In a different article GoGo stated that Rodeo Renewable was the right thing to do at the right time.
Yeah right!!
The right place is California with some of the strictest environmental laws in the world and the right time is when the market is flooded with the credits needed to make much money with renewable diesel.
Just another example of a miscalculation by GoGo.
I’ve lost count of how many times things haven’t played out like he said they would.
Gogo looks like he would get along nicely with Governor Hairdo.
GoGo Boy needs a teleprompter. Should not have mentioned that profit info.
It’s just smoke and mirrors to get governor hairdo off our backs.
We should outsource California