
SOURCE: ADVANCED TORREFACTION SYSTEMS, HM3 ENERGY
October 30, 2023
BY Thomas P. Causer and Hiroshi Morihara
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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.
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.
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.
Steel Dynamics Inc. on Oct. 27 announced lower-embodied-carbon steel product offerings, BIOEDGE and EDGE, to support customers in achieving their greenhouse gas emissions reduction and sustainability initiatives.
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.