"We continue to expand our fleet customers. In addition to Norfolk Southern and Enterprise Rent-A-Car, we sold renewable diesel to two additional railroads, a large national retailer and a national chain of tractor/trailer travel firm."
"The Geismar Plant continues to experience improving reliability. Production, as a percentage of days on stream has improved steadily from 74% to 85% to 102% of designed capacity for the first, second and third calendar quarters, 2012, respectively."
"...one of the lessons learned in 2012 where production is expected to exceed mandated levels we may see a pattern of higher levels of RIN prices in production in the first nine months of the year"
"Dynamic Fuels is cautiously optimistic that Congress will reinstate the dollar per gallon blenders tax credit for 2013 retroactive to 2012. Given how fast RIN prices came to decline we believe the dollar can provide a buffer for biofuel prices. Retroactive reinstatement will mean that Dynamic Fuels will receive approximately $23 million per gallons produced in 2012."
We will know this next week if delisting extension request is granted- this could be the catalyst. Tax credit and/or rebounding RIN prices in the New Year will drive continuation of the move.
Additional Recent Development:
Senate Reaffirms Support for Military's Use of Advanced Biofuels
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