PHOTO: ICM INC.
December 20, 2021
BY Holly Jessen
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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.
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).
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.
The Philippines on Oct. 1 increased its coco-methyl ester (CME) biodiesel mandate from B2 to B3, according to a report filed with the USDA FAS. The mandate is scheduled to increase to 4% in October 2025 and 5% in October 2026.
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.