Diamond Green SAF Project Completion Expected in 2025

Diamond Green SAF Project Completion Expected in 2025

 


Valero Earnings Beat Wall Street, Impressive Quarter for DGD

Valero Energy earnings beat Wall Street analyst estimates for the Q2 2023 by posting a $5.40 per share profit, beating the average analysts’ estimate of $5.08. Revenue plummeted to $34.5 billion, falling below analysts’ expectations of $34.82 billion. Revenue was well below the $51.6 billion posted for Q2 2022.

One of the larger surprises to come from the Q2 report was how well the renewable diesel segment performed. Valero’s joint venture with Darling Ingredients, Diamond Green Diesel (DGD), played a significant role in third quarter and year to date performance.

Renewable Diesel

The renewable diesel business reported $440 million of operating income for the second quarter 2023 compared to $152 million for the second quarter of 2022. Renewable diesel sales volumes…

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03.01.2024

Cold, Winter Weather Impact January Soybean Crush

Cold, Winter Weather Impact January Soybean Crush

**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**

U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...

03.01.2024

Week Closes with Active Gulf Market

Week Closes with Active Gulf Market

Used cooking oil (UCO) traded as low as 39.5 cts/lb into the Gulf market with bids and offers heard in a wide range over the last 24 hours. Offers...

03.01.2024

Animal Proteins – Friday

Animal Proteins – Friday

The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

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