May 15, 2012
BY Neste Oil
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The government of Canada on Oct. 27 released proposed amendments that aim to update the country’s Clean Fuel Regulations by boosting support for domestically produced fuels, encouraging investments, and supporting agricultural supply chains.
Phillips 66 on Oct. 28 reported a profitable third quarter for its renewable diesel segment, with production averaging 47,000 barrels per day. Production and earnings were up significantly when compared to the same period of last year.
XCF Global in October released a series of announcements outlining its strategy to scale and integrate operations following its business combination with Southern Energy Renewables and DevvStream, along with the acquisition of a California facility.
Valero Energy Corp. on Oct. 22 released third-quarter financial results, reporting record-high ethanol production volumes and a profitable three-month period for both its ethanol segment and its renewable diesel joint venture.
XCF Global Inc. on Oct. 20 announced that it has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California through a newly formed subsidiary of XCF, New Rise Renewables Paramount LLC.