September 28, 2021
BY TotalEnergies
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Marathon Petroleum Corp. on Aug. 5 released second quarter financial results, reporting improved EBITDA for its renewable diesel segment. The company primarily attributed the improvement to increased utilization and higher margins.
Chevron Corp. on Aug. 1 confirmed the company started production at the Geismar renewable diesel plant in Louisiana during the second quarter after completing work to expand plant capacity from 7,000 to 22,000 barrels per day.
The public comment period on the U.S. EPA’s proposed rule to set 2027 and 2027 RFS RVOs and revise RFS regulations closed Aug. 8. Biofuel groups have largely expressed support for the proposal but also outlined several ways to improve the rulemaking.
In celebration of World Biodiesel Day, MOL Group on Aug. 8 announced SAF was successfully produced for the first time at INA’s Rijeka Refinery during a pilot project to process biocomponent. Renewable diesel was also produced.
Iowa farmers have a new market opportunity for their 2025 soybean crop. Landus is expanding its Clean Fuel Regulation initiative, made possible by recent policy changes expected to increase Canada's demand for liquid biofuel.