04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
It was a typical Monday with little action reported in the market. CWG trading was done steady in trucks and was the only fat trading reported. There was a bid/offer spread in the packer BFT market of $0.3100 – 0.3200 for May and June shipment. Sources remarked that biodiesel buyers were dour to start the week with heating oil continuing to dive and bean oil prices climbing. News of a producers tax credit bill was met with optimism and there are certainly bullish…