**Please Note – Bob Lane was out of the office today and will return on February 28.**
Renewable Diesel Unit at Wynnewood Planned to be Running by April
Partially on easing of soybean oil basis levels, CVR Energy plans to complete the conversion of its hydrocracker into a renewable diesel unit at its Wynnewood, Oklahoma refinery and have it online by the middle of April, CVR Chief Executive David Lamp said during a recent earnings call. The new unit is expected to reach full operating capacity during the second quarter. The opening of the unit had been slated for the late summer/early fall of 2021 but was delayed due to winter weather, equipment delivery issues, and elevated feedstock (soybean oil) prices.
CVR is moving ahead with the instalation of the pre-treater at Wynnewood, but initially, it will use a mix of pre-treated soybean oil and corn oil on hand as feedstocks. CVR is also in talks with several vegetable oil…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...