
The Yonezawa Biomass Power Plant is primarily fueled with woodchips. / SOURCE: Takuma Corp.
January 28, 2026
BY Erin Krueger
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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.
PBF Energy Inc. on April 30 announced the St. Bernard Renewables facility produced approximately 16,700 barrels pe day of renewable diesel during the first quarter of 2026, up from 10,000 barrels per day during the same period of last year.