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...
Uncertainty and volatility ruled the market this week, but on a whole, prices averaged higher versus the prior week. Soybean oil bounced around in range of $0.7415 -0.7603 this week, closing the week on the high. Distiller’s corn oil prices finished the week with an average of $0.8270 FOB Mo. River, but did trade as high as $0.8800/lb early in the week on big gains in the heating oil market. Used cooking oil prices were higher in a number of markets and the Southeast delivered was up 7.5 percent from what had been a fairly quiet/stagnant market in late February.
Figure 1.
There is more negative sentiment creeping into the market on grease, distillers corn oil and forward…