Chevron Partners with Bunge on Feedstock while Signing MOU with Delta

Chevron Partners with Bunge on Feedstock while Signing MOU with Delta

 

Chevron and Bunge Join Forces on Renewable Diesel Feedstock Supply

The renewable diesel capacity push is creating new ties between the agriculture and oil industries as oil companies are quickly moving in to create renewable diesel and renewable jet fuel.  Phillips 66 was the first to announce taking a minority stake in a new soybean -processing plant in Iowa. 

The plant, which is pending state and local approvals, is expected to crush 110,000 bushels of soybeans per day, generating 2,420 tons of soybean meal and 1.3 million pounds of soybean oil.  Phillips 66 has an agreement to purchase 100 percent of the plant’s soybean oil production that will be used to make renewable fuels.

Phillips 66 announced plans last year that it was converting its Rodeo Refinery into one of the world’s largest renewable fuels facilities, with expected capacity to reach over 750 million gallons per year. The plant is expected to produce renewable…

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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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