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 estimated crush margin moved lower again this week, making it the 8th consecutive week of lower processing margins and has dropped in 11 of the past 12 weeks. The cost of soybeans moved higher by 13 cents per bushel over the past week while the value received from oil and meal sales, per bushel of soybeans crushed, increased only 7 cents per bushel. The end result had the margin falling by 6 cents per…