SOURCE: Renewable Fuel Association
November 14, 2019
BY Argonne National Laboratory
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Phillips 66 on Aug. 5 reported the company’s renewable fuel segment achieved significantly higher pre-tax income during the second quarter due to higher regulatory credits from higher pricing and renewable fuels production.
Par Pacific Holdings Inc. released second quarter financial results on Aug. 5, reporting its Hawaii renewable fuels facility ramped up production during the three-month period after commencing operations in April.
Marathon Petroleum Corp. released second quarter financial results on Aug. 4, reporting significantly improved performance for its renewable diesel segment on stronger margins, higher throughputs and improved regulatory credit values.
PBF Energy Inc. on July 31 announced the St. Bernard Renewables facility produced approximately 15,100 barrels per day of renewable diesel during the second quarter, up from 14,200 barrels per day reported for the same period of last year.
Valero Energy Corp. released second quarter financial results on July 30, reporting significantly improved earnings for both its ethanol segment and its Diamond Green Diesel joint venture, which produces renewable diesel and SAF.