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Drivers and fleet owners who don t understand all the nuances of how the retail price of diesel is set should think of it as a stacked bar chart.
At the base is the price of crude. That will always be the biggest factor because except for renewable supplies of diesel, the fuel comes from crude. From there, the stacked bar chart will grow with much smaller blocks: spreads between the price of ultra-low sulfur diesel on CME and important spot markets like the Gulf Coast; wholesale margins; and static numbers like excise taxes.
But in 2021, there s been another significant building block on that chart, at times possibly adding as much as 15 cents per gallon to the price of retail diesel.
Gevo s RNG Project Achieves Financial Closing – Padovanews
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Gevo closes $68M Green Bond to finance RNG project
greencarcongress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greencarcongress.com Daily Mail and Mail on Sunday newspapers.
Construction expected to begin end of April 2021
/EIN News/ ENGLEWOOD, Colo., April 15, 2021 (GLOBE NEWSWIRE) Gevo, Inc. (NASDAQ: GEVO), announced today that it has closed a $68,155,000 “Green Bond” private activity bonds offering (the “Green Bond Offering”) to finance the construction of its renewable natural gas (“RNG”) project in Northwest Iowa (the “RNG Project”). The RNG Project will generate RNG captured from dairy cow manure (the “Feedstock”).
The Feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling over 20,000 milking cows. When fully operational, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year. Gevo is working with a major RNG dispenser to finalize an agreement to sell the RNG into the California market. RNG sale revenues are expected to benefit from California’s Low Carbon Fuel Standard (“LCFS”) program and the U.S. Environmental Protection Agency’s Rene