PHOTOS: BUSHELS, ILLINOIS CORN GROWERS ASSOCIATION, SCF, U.S. ENERGY SERVICES
February 18, 2015
BY Susanne Retka Schill
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The U.K. Department for Transport has announced it will invest £63 million over the next year under its Advanced Fuels Fund to support SAF producers. The agency also issued a response to its consultation on a revenue certainty mechanism for SAF.
The U.S. Department of Commerce’s International Trade Administration has announced the Renewable Energy and Energy Advisory Committee will hold a meeting Feb. 12 in Washington, D.C. The event will also be streamed online.
Marathon Petroleum Corp. released fourth quarter financial results on Feb. 4, reporting a profitable three-month period for its newly formed renewable diesel segment. Improved earnings are attributed to increased capacity utilization.
Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.
Chevron Corp. released fourth quarter financial results on Jan. 31. During an earnings call, company officials confirmed that the renewable diesel expansion project at the Geismar biorefinery in Louisiana is undergoing final commissioning.