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Recovering to Reduce

PHOTO: BIOLEAP

April 13, 2022

BY Melissa Anderson

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Phillips 66 expects renewable diesel margins to improve

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By Erin Voegele

October 30, 2024

Sustainable Aviation FuelsBusinessOperations

Phillips 66 on Oct. 29 reported that its renewable fuels segment was impacted by lower margins during Q3, but company officials expect margins to improve moving forward. The company also reported it began producing SAF in September.

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Neste Corp. on Oct. 24 released third quarter financial results, reporting that its renewables segment has been impacted by overcapacity and lower-than-expected voluntary demand for sustainable aviation fuel (SAF).

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Valero Energy Corp. released Q3 financial results on Oct. 24, reporting increased production for both its ethanol and renewable diesel segments. Valero’s SAF project is expected to be fully operational before the end of the year.

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Argent Energy, a leading European biofuels manufacturer, has officially launched Europe’s largest facility dedicated to producing biobased, technical-grade glycerin at its Port of Amsterdam site in the Netherlands.

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EIA: US capacity to produce biofuels increased 7% in 2023

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By U.S. Energy Information Administration

October 18, 2024

Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category the EIA calls renewable diesel and other biofuels.

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