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...
Prices for used cooking oil (UCO) were reported in a wide range this week, depending on the origin, volumes and quality, with CIF Amsterdam, Rotterdam, Antwerp, Ghent (ARAG) levels heard at $900-955 per tonne for delivery in flexi and ISO tanks. High trading activity was seen for European UCO, with some volumes traded in a range of €950-1,020 per tonne DDP ARAG, depending on quality, for March-April deliveries.
FOB China values were broadly stable for flexi-tanks shipments at $860-870 per tonne, while the spread between the offer and the bid for bulk was indicated as wide as $70 per tonne, with sellers quoting $870 per tonne and buyers aiming for as low as $800 per tonne FOB.
“Used cooking oil prices in China are a bit all over the place,” a Europe-based trader told Fastmarkets.
…