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Platinum Crush is building its $375 million plant as demand rises for biodiesel, a product made with soybean oil

U.S. bakers are calling for a pause in the renewable fuel blending mandate so they can have greater access to soy oil, their preferred ingredient.

Willie Vogt FROM BEAN TO FUEL: Biodiesel has long been an opportunity for soybean oil, but another biobased diesel uses soy and other fats — renewable diesel. Its expanding the low-carbon fuel opportunities for this oilseed. What started as biodiesel now includes renewable diesel. Whats the difference? Suggested Event Jun 15, 2021 to Jun 17, 2021 Theres rising interest in the role of renewable fuels to help reduce greenhouse gases. By capturing solar power, a plant...

Share: It was the sort of deal that is a shocker because it goes completely against the trend in the oil business. The transaction in question was the recent announcement by Phillips 66 (NYSE: PSX) that it was going to "reverse integrate" its renewable diesel operations. In doing so, the company sent two messages. One, which it had already signaled but reaffirmed with the move, is that renewable diesel is extremely important to the U.S. refining sector.  The second is that to make renewable d...

Red-hot renewable diesel encouraging producers to buy into upstream supply chains ‘Reverse integration’ could be the name of the game, following significant move in soybeans by Phillips 66 0 805 5 minutes read tankage at the San Francisco Refinery’s Rodeo plant, with the refinery and future site of Rodeo Renewed in the background, along with San Pablo Bay. Photo: Phillips 66 (Editor’s note: Further information on the long-range plans at Rodeo Renewed has been added from initi...

Phillips 66 progressing its conversion of California refinery to renewable fuels In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. (Earlier post.) In April, the company completed the diesel hydrotreater conversion, which will ramp up to 8,000 bbl/d (120 million gal...

Phillips 66 completes refinery conversion for renewable diesel production By Mary Page Bailey | May 3, 2021 As a part of its first-quarter 2021 financial results, Phillips 66 (Houston) provided an update on its conversion project at the San Francisco Refinery in Rodeo, California, to meet the growing demand for renewable fuels. In April, the company completed its diesel hydrotreater conversion, which will ramp up to 8,000 bbl/d (120 million gallons per year) of renewable diesel production by t...

Phillips 66 (PSX) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Phillips 66 (NYSE: PSX) Operator Welcome to the First Quarter 2021 Phillips 66 Earnings Conference Call. My name is Hilary and I will be your operator for todays call. [Operator Instructions] I will now turn the call over to Jeff Dietert, Vice President, Investor Relations. Jeff, you may begin.SPONSORED: 10 stocks we like better than Phillip...

by Bernardo Fallas (Phillips 66) Phillips 66 and Southwest Airlines have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development. The memorandum of understanding also sets the framework to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California and highlights the commitment by both companies to a sustainable energy future. Sustainable aviation fuel, or SA...

Phillips 66 secures renewable-fuels feedstock with investment in Iowa soybean-processing plant By Mary Page Bailey | April 26, 2021 Phillips 66 (Houston) is securing feedstock for the company’s growing portfolio of renewable fuels projects by investing in a new soybean-processing plant in Iowa. The company also recently announced a memorandum of understanding with Southwest Airlines to advance the commercialization of sustainable aviation fuel The company’s investment gives it a minority o...