In summary, we’ve averaged $1.30 per gallon gross margin and with the project operating expense of $0.55 per gallon; dynamic fuels would have achieved a cash margin of $0.75 per gallon or $56 million a year at design capacity. There remains considerable revenue upside.Our diesel price doing commissioning and start-up averaged $5.55 per gallon. During the same period the average full value of renewable diesel, which is calculated the sum of ULSD diesel price plus RIN plus a dollar subsidy was $6.01 per gallon. As we continue to improve plant reliability, we would expect to close the differential between our current sales price and full value of renewable diesel.
Syntroleum CEO Discusses Q2 2011 Results - Earnings Call Transcript
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