March 23, 2016
BY Andy Huenfeld, U.S. Energy Services
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Viking Line is starting 2026 by renewing its offer of travel and transport powered by a high share of renewable European biogas. The company multiplied it’s the use of biofuel tenfold in 2025 and plans to use biogas the same ambitious level in 2026.
Phillips 66 on Feb. 4 reported improved fourth quarter financial results for its renewable fuels segment on higher realized margins, including inventory impacts. The improvement was partially offset by lower credits.
Marathon Petroleum Corp. on Feb. 3 announced its renewable diesel segment reported adjusted EBITDA of $7 million for the fourth quarter of 2025, down from $28 million during the same period of 2024.
Imperial Oil Ltd. released fourth quarter financial results on Jan. 30, reporting that the renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, is running well. The facility began operations in mid-2025.
The U.S. Department of Treasury and IRS on Feb. 3 released proposed regulations for the 45Z clean fuel production tax credit, as updated by the One Big Beautiful Bill in mid-2025. A public comment period is scheduled to be open for 60 days.