Renewable Fuels Association
February 7, 2017
BY Renewable Fuels Association
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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. exported 19,303.6 metric tons of biodiesel and biodiesel blends of B30 or greater in December, according to data released by the USDA Foreign Agricultural Service on Feb. 5. Biodiesel imports were at 97,4200.7 metric tons for the month.
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.