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...
**Please Note – Bob Lane is out of the office this week, returning Monday, July 26th. in his absence, please contact Ryan Standard at 331.276.8227 or [email protected] with any questions, comments or trading.**
Biofuel and credit prices were higher today and the crude and heating oil markets rebounded after yesterday’s sell off. Reuters broke news late in the day of a delay to the biofuel blending mandates due to political considerations by the White House. The Biden administration may be following a similar playbook from the Obama-era EPA which delayed setting blending levels for two years before releasing the delayed targets at the end of November of 2015. RIN prices were higher today, but the continued uncertainty out of Washington DC could have a negative, short-term effect.
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