December 3, 2015
BY Erin Voegele
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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.
PBF Energy Inc. on Feb. 13 announced that its St. Bernard Renewables facility produced 17,000 barrels per day of renewable diesel during the fourth quarter, up from 13,000 barrels per day during the third quarter.
The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 11. The outlook for soybean oil prices was also unchanged.
The U.S. Department of Commerce’s International Trade Administration on Feb. 12 announced it would postpone a meeting of the Renewable Energy and Energy Efficiency Advisory Committee that was scheduled to take place that day.
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.