Something has to be profitable or why would Marathon convert over to making a bio-diesel plant from a crude oil plan??
Let me see if I can explain this to you. (just using numbers off the top of my head) Refineries that sell fuel deal in carbon credits.
You make nothing but pure diesel fuel. For that the government gives you one carbon credit per gallon. You make 100 gallons of diesel you get 100 credits. Remember diesel is a dirty fuel.
I make nothing but bio diesel. Since bio diesel is a clean fuel the government gives me 3 credits per gallon. For 100 gallons of bio I get 300 credits.
Now it is the end of the month and we both need to settle up with the government. The government wants 2 credits for every gallon we sold. So for our 100 gallons the government wants 200 credits.
Problem is you only have 100 credits so you are 100 credits short. Since I have 100 extra credits you come to me and want to buy my extra credits. Let me change that; you not only want to buy them you HAVE to buy them to settle up with the government or they will shut you down. After paying my price you make a business decision to make 50 gallons of diesel and 50 gallons of bio diesel next month so you will not have to buy credits on the open market.
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