ExxonMobil and Global Clean Energy Holdings (GCEH) entered into a product off-take agreement (POA) in April of 2019 where Exxon committed to purchasing 85 million gallons of renewable diesel from GCEH with an option to increase the POA volume. The agreement was conditioned upon GCEH acquiring a refinery capable of producing the volume and quality of renewable diesel necessary, as well as having the refinery operational by August 31, 2021.
The partnership, beneficial to both, was expanded in early 2021. Exxon and GCEH agreed to a five-year renewable diesel purchase agreement for up to five million barrels per year. Exxon would be the exclusive buyer of GCEH renewable diesel.
The New agreement did not specifically include sustainable aviation fuel (SAF), but the parties did concur that if GCEH decided to include SAF optionality, Exxon would…
01.31.2025
US animal fats and oils markets hold firm on week; signs of softening emerge
After a strong start to the week, the US animal fats and oils markets ended the month on a mixed note on Friday January 31, as ongoing uncertainty continued...
01.31.2025
Sausage casings bulletin, January 31, 2025
Runner market commentary
Table 1
01.31.2025
Hide sales limited; bids carried into the weekend
Hide sales were limited during week ended Friday January 31, but many bids are expected to carry into the weekend, according to a few sellers.
Anticipation surrounding the...