John Wenzel, with FC Stone, is a large energy dealer and works primarily with large fuel dealers and end users. He spoke during the Biodiesel/Bioheat Forum in Mankato, Minnesota last week. He recently moved to Kansas City from Minnesota and said it was good to be be back.
When asked what he was hoping to convey to attendees he answered, “I wanted to show how the current oil market is oversupplied but at some point we think it will balance out. I also took a good look at some of the cost drivers around biodiesel and there still is a good opportunity for fuel dealers, I think, to blend biodiesel and for it to be really profitable. It goes back to where are some of the RIN values and also with the tax credit coming up, that’s a big driver and will help fuel dealers blend more biodiesel.”
Wenzel said that it was good to be at an event where he could see biodiesel used in different ways such as with Bioheat. He also noted that Minnesota has a B10 mandate while New York is marketing biodiesel through Bioheat and he thought these are good examples for other states. Ultimately though, he said the biodiesel industry will need to work closely with the oil heating industry to ensure that Bioheat is affordable for consumers who are considering a move to natural gas to meet statewide emission goals.
Learn more about by listening to Chuck Zimmerman’s interview with John Wenzel: John Wenzel, FC Stone