Phillips 66 continues to advance with their renewable diesel plans. As previously reported, they have invested in Shell Rock Soy Processing, a joint venture to construct a new soybean facility in Iowa. The venture is expected to be completed in 2022 and P66 will purchase 100 percent of the soybean oil production. P66 has signed a memorandum of understanding (MoU) with Southwest Airlines to commercialize sustainable aviation fuel.
P66 started producing renewable diesel at the Rodeo refinery in the US and expects to ramp up to 8,000 bpd during Q3. The initial phase of the Rodeo refinery will produce 120 million gallons per year and is expected to run off soybean oil as the primary feedstock. Subject to permitting and approvals from the state, full conversion of the facility is expected in early 2024. Upon completion, the facility will have over 50,000 barrels per day of renewable fuel…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...