
SOURCE: Renova
January 3, 2025
BY Erin Voegele
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Par Pacific Holdings Inc. on May 5 confirmed that its Hawaii renewable fuels facility began operations in April. The biorefinery has the capacity to produce 61 MMgy of renewable diesel, SAF and other renewable fuels.
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.