Philips 66 announced plans today to convert their Rodeo, CA refinery to a renewable fuel production facility. The news release published today stated that the converted refinery would have an annual production capacity of 680 million gallons of renewable diesel, jet fuel and gasoline and combined with an existing project, the total production capacity would exceed 800 million gallons. The report also stated that P66 intends to use low CI feedstocks as well as soybean oil in the renewable fuel production. Based on Jacobsen assumptions, a fuel plant with a capacity of 800 million gallons would demand well over 6 billion pounds of feedstock per year. The P66 announcement adds to a rapidly growing list of major refiners with renewable projects underway, or already completed.
Choice white grease moved higher out of the Missouri River market this afternoon with trading done at 21.5 – 23 FOB. Distillers corn oil trading moved higher as well…
01.08.2025
Tallow trades persist amid tight markets; DCO, ethanol production down slightly
Trade in the US tallow markets continued to gain momentum on Wednesday January 8, following sluggish demand throughout much of December.
Another four railcars of packer-grade bleachable fancy tallow (BFT)...
01.08.2025
US ruminant meat and bonemeal prices fall further in most regions
Meat and bonemeal spot prices in the US dropped further on Wednesday January 8. A sizable number of distressed loads of both porcine and ruminant meat and bonemeal were...
01.08.2025
US weekly ethanol production drops; stocks reach 7-month high
US weekly average ethanol production fell to 1.102 million barrels per day in the week to Friday January 3, according to the US Energy Information Administration (EIA) report released...