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 declined 10% or 37 cents per bushel as the value received from a bushel of soybeans crushed fell, while the cost of soybeans moved higher. The value received for soybean oil actually increased, rallying nearly 6% to 34.13 cents per pound. However, given soybean oils smaller pro rata share of the crush, its move was over shadowed by the 3% drop in soybean meal prices. Soybean meal values…