Common use of Biodiesel Blend Clause in Contracts

Biodiesel Blend. 1.1.1 Data Transmission Network (DTN) FastRacks Average Price for Ultra Low No. 2. The daily price will be used to calculate the diesel portion for Biodiesel. 1.1.2 The Wall Street Journal’s published Monday closing price for soybean oil, as printed in the Tuesday edition under “Fats and Oils” in the “Cash Prices” column. This weekly price will be used to calculate the bio portion of the Biodiesel. This method will be used unless vendor(s) can show a better way of getting the price weekly. If no Monday price is published, then the next available published price will apply (Tuesday, Wednesday, etc.). 1.1.3 Contractor’s Markup as determined by the Price Sheet for the region in which delivery of Fuel is made. 1.1.4 All applicable Fuel taxes and/or petroleum associated fees as determined by the county in which delivery of Fuel is made. Sample Calculations: B20 wholesale price = 0.80 times the price for ultra-low sulfur no. 2 diesel plus 0.20 times the price for soybean oil. B10 wholesale price = 0.90 times the price for ultra-low sulfur no. 2 diesel plus 0.10 times the price for soybean oil. B5 wholesale price = 0.95 times the price for ultra-low sulfur no. 2 diesel plus