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...
Used cooking oil (UCO) traded in a range of $940-945/mt CIF Amsterdam, Rotterdam, Antwerp, Ghent (ARAG) for delivery in ISO tanks this week, while FOB Asia levels firmed to $860-865/mt for shipments in flexi-tanks and to $840-850/mt for bulk.
European UCO was heard trading at around €1,000/mt EXW in Spain €1,005-1,010/mt levels in ARAG, with steady demand reported in the region.
Rapeseed oil (RSO) prices moved higher this week, amid continuous growing demand and tight supply, with March offers heard at €910/mt FOB Dutch Mill, while bids increased by about €30/mt during the week to €880/mt. April shipments were priced just a touch lower at €900/mt, marking a €25/mt week-on-week change, with buyers targeting €875/mt FOB.
Animal fat prices traded lower into and within the EU market on weakening demand from the renewable diesel (HVO) sector.
…