Australian company Continual Renewable Ventures plans three facilities to convert waste oil, tallow and agricultural residues into hydrotreated vegetable oil renewable diesel, replicating a Nevada plant. The project comes as record diesel prices hit WA mining and agriculture amid the Middle East war.
A new renewable diesel plant using tallow and waste oil would add demand for these fats in Australia, while high diesel prices raise input costs for feed producers.
After 92 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (64% higher; middle half -2.2% to +3.9%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.