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...
Distiller’s corn oil (DCO) prices moved higher again today as well sold sellers continue to see strong demand from the spot market. Soybean oil prices traded 2.5 cents lower over the last three days, but with the October market over 32.5 cents per pound, DCO is expected to continue to see support at current price levels. The EIA released ethanol production estimates for week ending September 16th today. The estimated daily production of 906,000 barrels per day is the lowest since the week ending June 26 of this year and down 2.2 percent from the week prior. The lower numbers over the last two weeks may be tied to seasonal downtime at some plants, which…