**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…