Phillips 66 has purchased a minority stake ownership interest in Shell Rock Soy Processing (SRSP). This a plant is currently beginning construction and expected to be running by late 2022. Once operational, SRSP will crush 38.5 million bushels of soybeans a year. This will provide 850,000 tons of soybean meal and 1.5 million barrels of soybean oil.
Phillips 66 has an agreement to purchase 100 percent of the plant’s soybean oil production, which will be used to make renewable diesel. Last year, P66 unveiled plans to convert the San Francisco Refinery’s Rodeo facility into the world’s largest renewable fuels plant. The project will reconfigure Rodeo to produce about 780 million gallons per year of renewable diesel, renewable gasoline and sustainable jet fuel. The facility could be fully operational in 2024.
In the near-term, Rodeo already is…
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
Table 1
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...