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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. It's expanding the low-carbon fuel opportunities for this oilseed. What started as biodiesel now includes renewable diesel. What's the difference? Suggested Event Jun 15, 2021 to Jun 17, 2021 There's rising interest in the role of renewable fuels to help reduce greenhouse gases. By capturing solar power, a plant that’s turned into fuel for a conventional engine has a measurable impact on a machine’s car...

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 diesel, you need feedstocks. And companies with big renewable diesel plans need to worry about that.�...

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 initial publication.) It was the sort of deal that is a shocker because it goes completely against the tr...