US technical tallow, CWG prices decline; DCO production reaches two-month high
Fifteen railcars of technical-grade tallow traded lower on Wednesday October 30 at 48 cents per lb on a Chicago...
Blog
P66’s renewable segment reports Q3 earnings loss of $116 million
On Tuesday October 29, Phillips 66 (P66) reported a third-quarter pre-tax loss of $116 million for its renewable fuels segment. The loss compares unfavorably to the $22 million profit in the third quarter of 2023 and raises the year-to-date loss to $226 million for the nine months to September 30.
“The renewable fuels sector experienced lower realized margins,” chief financial officer Kevin Mitchell said in an earnings call. The loss in the renewables segment was greater than the $108 million loss in the...
