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…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...