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...
Blending economics improved as the bean oil/heating oil spread dropped 5 cents to a credit of 24 cents per gallon. This is the lowest level the spread has reached since October 3, 2014. Today’s drop was due to the combination of rising heating oil prices and lower feedstock/soybean oil cost. Heating oil climbed 3 cents to $2.23½ per gallon while…