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...
The market was fairly steady today, but additional weakness is building in the feed fat market due to strong supply. Choice white grease did trade lower out of the Missouri River, $0.1750 – 0.1850 FOB. Poultry fat prices were steady, but additional loads are starting to show up in the market with some feed users filling up their demand quickly this week.
Distillers corn oil prices were unchanged today. The EIA estimated ethanol production at 914,000 bbl/day for last week. Distillers corn oil production is estimated at just under 8.7 million pounds per day for last week, up 1.6 percent relative to the week prior. Despite the increase, production remains 11 percent under the prior three year average. Soybean oil above 29…