
SOURCE: USDA FAS
June 17, 2024
BY Erin Voegele
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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.
U.S. biofuel producers consumed 30.749 billion pounds of feedstock in May, up 10% when compared to April and up 8% when compared to May 2025, according to data released by the U.S. Energy Information Administration on Aug. 5.
ADM on July 30 announced a series of investments designed to expand North American oilseed crush capacity and strengthen the company's ability to meet growing demand for renewable fuels and other vegetable oil markets.
Neste is supporting the Tara Ocean Foundation’s work by supplying Neste MY Renewable Diesel to help reduce the expedition’s climate impact, e.g. by replacing fossil fuel use in the polar station’s energy systems in extreme arctic weather conditions.