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Willie Vogt
FROM BEAN TO FUEL: Biodiesel has long been an opportunity for soybean oil, but another biobased diesel uses soy and other fats renewable diesel. It s expanding the low-carbon fuel opportunities for this oilseed. What started as biodiesel now includes renewable diesel. What s the difference?
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Jun 15, 2021 to Jun 17, 2021
There s rising interest in the role of renewable fuels to help reduce greenhouse gases. By capturing solar power, a plant that’s turned into fuel for a conventional engine has a measurable impact on a machine’s carbon footprint.
Renewable fuels include ethanol and biobased diesel the latter comes in two types, biodiesel and renewable diesel.
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It was the sort of deal that is a shocker because it goes completely against the trend in the oil business.
The transaction in question was the recent announcement by
Phillips 66 (NYSE: PSX) that it was going to reverse integrate its renewable diesel operations. In doing so, the company sent two messages.
One, which it had already signaled but reaffirmed with the move, is that renewable diesel is extremely important to the U.S. refining sector.
The second is that to make renewable diesel, you need feedstocks. And companies with big renewable diesel plans need to worry about that.
Red-hot renewable diesel encouraging producers to buy into upstream supply chains
‘Reverse integration’ could be the name of the game, following significant move in soybeans by Phillips 66
0 805 5 minutes read tankage at the San Francisco Refinery’s Rodeo plant, with the refinery and future site of Rodeo Renewed in the background, along with San Pablo Bay. Photo: Phillips 66
(Editor’s note: Further information on the long-range plans at Rodeo Renewed has been added from initial publication.)
It was the sort of deal that is a shocker because it goes completely against the trend in the oil business.
The transaction in question was the recent announcement by Phillips 66 (NYSE: PSX) that it was going to “reverse integrate” its renewable diesel operations. In doing so, the company sent two messages.
Phillips 66 progressing its conversion of California refinery to renewable fuels
In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. (Earlier post.)
In April, the company completed the diesel hydrotreater conversion, which will ramp up to 8,000 bbl/d (120 million gallons per year) of renewable diesel production by the third quarter of 2021.
The renewable feedstocks will be primarily delivered across the Marine Terminal. Renewable feedstocks will also be delivered to the Rodeo facility using the existing railcar infrastructure, modified to reflect the elimination of butane exports. Existing equipment will also be modified to enable the offloading of local renewable feedstocks by tanker truck.