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...
Crude and refined glycerin prices began feeling heavy a few weeks back, according to one market participant that likes to gauge domestic crude values in relation to Argentine/Brazil delivered prices to China. There hadn’t been much of any price movement to suggest he was correct at the time, but prices are beginning to stubbornly start to shift lower.
Glycerin pricing is generally cyclical to begin with, so seeing crude begin to dip is not unexpected. We are currently getting the majority of our reports indicating trades taking place in the mid 7 cents range, with some others showing values above and below that mark.
Refined glycerin has been more of a surprise to traders in that segment of the Market. Neil Camp with CLP Chemical says overall demand has slowed from what they had been seeing in April and May, with values settling in to more “normal levels.” Neil has been expecting…