February 19, 2015
BY Tom Bryan
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Sasol, Anglo American and De Beers entered into a joint development agreement on Feb. 4 to pilot the production of feedstock for renewable diesel. The initiative aims to support the development of a value chain for renewable fuels in South Africa.
Verity Holdings LLC, a subsidiary of Gevo Inc., and Landus have announced a new agreement aimed at unlocking added value for farmers through sustainability premiums via export markets.
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.