Phillips 66 Secures Feedstock for Rodeo RD, More Needed

Phillips 66 Secures Feedstock for Rodeo RD, More Needed

 

P66 Locks in 4,000 Barrels per Day of Soybean Oil for Rodeo RD Plant

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…

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

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden
  • Hidden

*all fields required

More from the author

05.20.2021

April Renewable Fuel Consumption Slows

04.29.2021

Strong Demand from Mexico and China Lifts Soybean Exports

04.22.2021

Wheat Exports Reach 10-Week High

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...