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PHOTO: FLUID QUIP TECHNOLOGIES

November 29, 2020

BY Tom Bryan

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PBF Energy expects renewable diesel production, economics to improve in Q4

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By Erin Voegele

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PBF Energy Inc. on Oct. 31 announced that its St. Bernard Renewables facility produced 13,000 barrels per day of renewable diesel during the third quarter. Production is expected to increase during the fourth quarter.

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CVR Energy Inc. on Oct. 29 announced that the renewable diesel unit at its Wynnewood refinery in Oklahoma processed 19.6 million gallons of vegetable oil feedstock during the third quarter, down from 23.8 million gallons during the same period of 2023.

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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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