December 23, 2025
BY IFM Investors
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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.
FedEx introduced sustainable aviation fuel (SAF) at two more U.S. airports towards the end of last year: Dallas Fort Worth International Airport (DFW) and John F. Kennedy International Airport (JFK).