Eni, PBF Energy announce closure of US HVO 50-50 partnership
Alexandra Chapman
US refiner PBF Energy and Italian energy major Eni have announced the closure of their 50-50 joint venture renewable diesel partnership, the companies revealed this week.
The news comes several months after Eni confirmed in February that it had paid $835m for a 50% stake in the Saint Bernard Renewables (SBR) facility after previously mentioning that it had wanted to build an HVO biorefinery in the US.
The two firms, which were developing the 1.1 million metric tonne (mt) renewable diesel (RD) Saint Bernard Renewable (SBR) production unit project said on Wednesday that the closure would allow them to effectively create a dedicated joint venture to develop the Louisiana biofuels plant.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...