Distillers Corn Oil Production Falls, Prices Move Higher

Distillers Corn Oil Production Falls, Prices Move Higher

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.12.2024

Glycerin prices seen supported by declining biodiesel margins

Glycerin prices seen supported by declining biodiesel margins

Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....

11.12.2024

Animal fats and oils prices stable amid losses in vegoil markets

Animal fats and oils prices stable amid losses in vegoil markets

"I think the big drop in soybean oil had everyone take a pause,” one source said.

December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...

11.12.2024

Meat and bonemeal, bloodmeal higher on active demand

Meat and bonemeal, bloodmeal higher on active demand

Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.

Porcine meat and bonemeal prices were steady to higher according to sources...

Latest Tweets