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Marathon reports improved Q1 for renewable diesel segment

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By Erin Krueger

8 hours ago

Operations Business 

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.

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Praj Industries has announced the establishment of an Advanced Precision Fermentation Lab at Praj Matrix to drive next-generation biotechnology and accelerate India’s transition to high-performance, low-carbon biomanufacturing.

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Clean Energy Fuels Corp. on May 4 announced the expansion of its renewable natural gas (RNG) station network with six new stations in operation. The stations are strategically located along major freight transportation routes across the U.S.

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Sasol has reached a major milestone in South Africa’s energy and industrial transition, with Natref becoming the first refinery in Africa to achieve product sustainability certification for key fuels production pathways.

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U.S. fuel ethanol production capacity expanded in February, according to data released by the U.S. EIA. Biodiesel production capacity and production capacity for renewable diesel and associated biofuels remained steady.

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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.

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Restaurant Technologies Inc. recycled a record 393 million pounds of used cooking oil (UCO) in 2025. Nearly 100% of the UCO was manufactured into renewable diesel or biodiesel for vehicles on the road, or into SAF for aircraft.

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Divert Inc. has announced a strategic partnership with Mitsubishi Corp. serving as the lead investor in Divert’s Series C financing. As part of the partnership, MC has been granted preferred offtake rights for RNG.

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XCF Global Inc. on April 30 announced that its New Rise Renewables Reno facility maintain sustainability certification that supports the production and documentation of CORSIA eligible SAF, with certifications valid as of today.

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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.

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Neste Corp.’s renewable products segment experienced a significant increase in earnings during the first quarter of 2026 despite lower production volumes. The increase is attributed to stronger term sales premiums and surging fossil fuel prices.

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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.

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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.

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CPM|Crown has announced the expansion of its industry-leading equipment and service offering to include a full portfolio of conveyor solutions, strengthening CPM|Crown’s ability to deliver integrated, end-to-end systems.

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Vanguard Renewables on April 28 announced the completion of three renewable natural gas (RNG) facilities, marking a significant milestone in the company's mission to transform food waste into a scalable solution for a more diversified energy future.

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Kentucky Gov. Andy Beshear on April 27 signed legislation that creates a tiered tax credit for SAF that allows taxpayers to claim up to $3 per gallon in incentives. The credit is slated to be in effect from Jan. 1, 2029, through the end of 2034.

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Evonik on April 27 announced it has signed a large-scale agreement to supply its SEPURAN Green membranes and patented technology to MTC Orec Sdn Bhd (MTCO), a Malaysia-based designer and builder of biogas upgrading plants.

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Hydron Energy on April 27 announced the launch of its breakthrough RNG platform project at the Bailey Landfill in Chilliwack, British Columbia, marking a significant milestone in the advancement of cost-effective RNG production.

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DSV is collaborating with Microsoft, United Airlines and Phillips 66 to unlock 11 million gallons of sustainable aviation fuel. United Airlines will use the fuel while DSV and Microsoft participate through a book-and-claim methodology.

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U.S. manufacturers produced approximately 900,000 tons of densified biomass fuel in November, according to the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 970,000 tons during the month.

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The government of Queensland, Australia, has announced it will invest $25 million to support a project that will enable renewable diesel production at Ampol’s Lytton oil refinery. The project could expand in the future to include SAF production.

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Ethanol Producer Magazine announced this week the six companies selected to pitch to a panel of angel investors and venture capital firms at the International Fuel Ethanol Workshop & Expo, taking place June 2-4 in St. Louis, Missouri.

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OPAL Fuels announced that it has entered into a master agreement establishing a framework to monetize $100 million of Section 45Z Clean Fuel Production Tax Credits over the next several years. The first closing is anticipated to take place in Q2.

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EnviTec Biogas is celebrating the initial feed-in from a EnviThan gas upgrading plant in Slovakia that added to an existing biogas plant that has been in operation for 14 years. The facility will continue to generate electricity.

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Shaphargroup has announced its plans to deploy Honeywell UOP's Ecofining process technology for its flagship SAF facility at the Port of Rotterdam. The facility will be designed to produce 200,000 MT of HEFA-SAF per year.

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The case for adopting lower-carbon alternative maritime shipping fuels is strong and getting stronger, according to a report released today by the NGO Energy Vision: The Future of Shipping: Cleaner Fuel Options for the Maritime Sector.

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The American Biofuels Maritime Initiative, which includes members representing the ethanol and biogas industries, on April 23 sent a letter to U.S. Secretary of State Marco Rubio calling for strong U.S. leadership in IMO negotiations.

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Anaergia Inc. has signed an C$8 million contract with Vanguard Renewables for a follow-up deployment of its proprietary technology and equipment for an advanced anaerobic digestion facility in Minnesota.

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Cargill’s canola processing facility in Regina, Saskatchewan, is now operational, strengthening market access for Western Canadian farmers and helping meet growing global demand for food and low-carbon fuel solutions.

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The House Committee on Rules on April 16 announced lawmakers could submit amendments that will be considered for the 2026 Farm Bill through April 22. Amendments focused on year-round E15 and the RFS were among those offered for consideration.

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