
IMAGE: FLAMEX
May 20, 2025
BY Keith Loria
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The U.S. exported more than 1.1 million metric tons of wood pellets in March, up from 608,572.1 metric tons in February and 781,576.4 metric tons in March 2025, according to data released by the USDA Foreign Agricultural Service on May 5.
Marathon Petroleum Corp. released first quarter financial results on May 5, reporting a significant increase in adjusted EBITDA for its renewable diesel segment on stronger margins and the recognition of 45Z clean fuel production credits.
Phillips 66 released Q1 financial results on April 29, reporting a decrease in pre-tax loss for its renewable fuels segment. As economics for biobased diesel fuels continue to improve, the company expects to see additional improvement in Q2.
Drax Group plc released a first quarter trading update on April 30, reporting that the company’s pellet production business is performing well, with a continued focus on cost reduction in its U.S. operations.
Valero Energy Corp. on April 30 released first quarter financial results, reporting a profitable three-month period for both its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.