05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
P66 Producing Renewable Diesel at Rodeo Refinery
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…