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PBF Energy: Biorefinery operations impacted by higher feedstock prices, regulatory uncertainty

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By Erin Krueger

February 19, 2026

Operations Business 

PBF Energy on Feb. 12 announced the St. Bernard Renewables facility produced approximately 16,700 barrels per day of renewable diesel during the fourth quarter of 2025, up from 15,400 barrels per day during the proceeding quarter.

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Neste Corp. on Feb. 5 released Q4, reporting that renewable sales volume were up for both the quarter and the full year 2025. The renewable diesel market improved toward the end of the year and record-high SAF sales supported profitability.

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Phillips 66 on Feb. 4 reported improved fourth quarter financial results for its renewable fuels segment on higher realized margins, including inventory impacts. The improvement was partially offset by lower credits.

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Marathon Petroleum Corp. on Feb. 3 announced its renewable diesel segment reported adjusted EBITDA of $7 million for the fourth quarter of 2025, down from $28 million during the same period of 2024.

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Imperial Oil Ltd. released fourth quarter financial results on Jan. 30, reporting that the renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, is running well. The facility began operations in mid-2025.

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Valero Energy Corp. on Jan. 29 released fourth quarter 2025 financial results, reporting a profitable three-month period for its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.

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CVR Energy Inc. on Jan. 26 confirmed the reversion of the renewable diesel unit at its Wynnewood refinery back to hydrocarbon processing was completed in December. The facility is expected to retain the ability to produce renewables in the future.

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EcoCeres has officially launched its state-of-the-art renewable fuel facility in Pasir Gudang, Johor, Malaysia, marking a historic milestone as the country’s first sustainable aviation fuel (SAF) production plant.

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Iowa’s biodiesel plants produced 244 million gallons in 2025, down 31% from 353 million gallons in 2024. Only eight facilities reported production in 2025, with several running off and on, well under capacity.

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The U.S. Energy Information Administration currently expects the production of renewable diesel and other biofuels, including SAF, to expand in 2027, according to the agency’s latest Short-Term Energy Outlook, released Jan. 13.

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Buffalo Biodiesel Inc. on Dec. 11 announced meaningful progress in its ongoing facility modernization and mandated environmental compliance program with the New York State Department of Environmental Conservation.

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Tidewater Renewables completes planned outage, returns to full capacity

By Tidewater Midstream and Infrastructure Ltd.

December 18, 2025

Tidewater Renewables Ltd. has safely completed the planned seven-day outage to reinstall the repaired component at the corporation's renewable diesel and renewable hydrogen complex located in Prince George, British Columbia.

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Tidewater announces agreement for coprocessing at Prince George refinery

By Tidewater Midstream and Infrastructure Ltd.

December 16, 2025

Tidewater Midstream and Infrastructure Ltd. has entered into an initiative agreement with the Government of British Columbia that will provide Tidewater with BC LCFS credits to support the production of biofuel from processing.

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The U.S. EIA increased its 2026 production forecast for biodiesel in its latest Short-Term Energy Outlook, released Dec. 9. The outlook renewable diesel was revised down while the forecast for other biofuels, including SAF, was maintained.

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XCF Global Inc. on Nov. 20 confirmed plans to develop additional SAF production capacity adjacent to its existing biorefinery in Nevada. The company is also considering plans for SAF projects at idle biodiesel plants in Florida and North Carolina.

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Tidewater Renewables Inc. on Nov. 13 reported that production at its renewable diesel facility in British Columbia was impacted in September and October by unplanned downtime. The facility is expected to be operating at full capacity by December.

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FutureFuel Corp. on Nov. 12 confirmed plans to restart its 59 MMgy biodiesel plant in Batesville, Arkansas, during Q4. The company has begun replenishing inventories of biodiesel raw materials in preparation for restart late in the period.

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U.S. operable biofuel production capacity expanded by 237 MMgy in August, with gains for ethanol and renewable diesel, according to data released by the U.S. EIA. Biofuel feedstock consumption was up when compared to the previous month.

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Calumet Inc. on Nov. 7 announced the MaxSAF expansion at its Montana Renewables facility is progressing on schedule. Renewable fuels production during the third quarter was impacted by a sustainable aviation fuel (SAF) expansion test run.

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Aemetis Inc. released Q3 results on Nov. 6, reporting increased RNG capacity and higher capacity utilization at the company’s California ethanol plant. Aemetis also provided an update of biodiesel, SAF and CCS projects.

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Neste is marking two significant milestones: the 15th anniversary of its renewable products refinery in Singapore and the 60th anniversary of its Porvoo refinery in Finland. Both facilities currently produce renewable fuels.

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Marathon Petroleum Corp. on Nov. 4 announced its renewable diesel segment achieved increased capacity utilization during the third quarter. The segment, however, reported a significant EBTIDA loss on weak margins.

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ADM on Nov. 4 released Q3 financial results, reporting a profitable three-month period for its ethanol operations on improved margins. Overall company operations, however, were negatively impacted by biofuel policy and trade uncertainty.

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PBF Energy Inc. on Oct. 29 announced the St. Bernard Renewables facility produced approximately 15,400 barrels per day of renewable diesel during the third quarter. Production is expected to expand slightly during the final quarter of the year.

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CVR Energy Inc. on Oct. 29 announced plans to revert the renewable diesel unit at its refinery in Wynnewood, Oklahoma, back to hydrocarbon processing service during the next scheduled catalyst change in December.

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Neste Corp. on Oct. 29 announced sales of SAF reached a record 251,000 metric tons during Q3. The company’s renewable products segment reported improved EBTIDA, comparable sales margins and sales volumes for the three-month period.

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Phillips 66 doubled its production of SAF during the Q3 and expects additional increases in production to be realized in Q4, according to statements made during the company’s third quarter earnings call on Oct. 29.

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Parkland Corp. released Q3 results on Oct. 27, reporting that the volume of biobased feedstock co-processed at its Burnaby Refinery was up 50%. The company also announced its previously announced purchase by Sunoco LP is expected to close Oct. 31.

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Italy-based energy company Eni on Oct. 24 released Q3 results, reporting that its Enilive business segment processed 315,000 metric tons of biobased feedstock during the three-month period, up 14% when compared to the same period of 2024.

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Buffalo Biodiesel Inc. announced that it has successfully resolved recent permitting matters with the New York State Department of Environmental Conservation (DEC) and is moving forward with a clear path toward continued growth and expansion.

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