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…

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03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

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