SOURCE: U.S. Energy Information Administration
November 8, 2024
BY Erin Voegele
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CVR Energy Inc. on July 30 reported its renewables segment achieved increased throughput during Q2 despite unplanned downtime but reported a net loss of $11 million. The company expects to retroactively claim the 45Z credit for volumes produced.
Total U.S. operable biofuels production capacity expanded in May, with gains for renewable diesel and a small decrease for ethanol, according to data released by the U.S. Energy Information Administration. Feedstock consumption was up.
Chevron Lummus Global announced a successful commercial test for coprocessing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia. SAF and renewable diesel were produced during the test.
Phillips 66 on July 25 released Q2 financial results, reporting the company’s Rodeo Renewable Energy Complex in California continues to run at reduced rates due to market conditions. Pre-tax income for the renewables segment was up when compared to Q1.
Neste Corp. on July 24 released second quarter results, reporting record quarterly renewable product sales volumes despite weaker margins. SAF sales were up nearly 80% when compared to the first quarter of 2025.