Nasdaq California regulators allege that U.S. refiner Phillips 66 PSX.N improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters. Phillips 66 started to process small volumes of soybean oil at the Rodeo refinery in the first quarter of 2021, the company said last year, part of a plan to become the largest
Reuters NEW YORK – Renewable fuels are a niche market for now, but with Democratic President-Elect Joe Biden set to enter office with a divided Congress, legislation supporting demand for products like renewable diesel could garner bipartisan support. Biden, elected president last week, defeating Republican Donald Trump, has pledged to move the United States to a zero-carbon emissions scheme by
The EPA hopes to make nearly 10% of all transportation fuels renewables by 2016 The Environmental Protection Agency’s (EPA) recently released its annual Renewable Fuel Standard (RFS) program with goals for renewable fuels that apply to all gasoline and diesel produced or imported in 2014, 2015 and 2016. The EPA decided to lower the goals from those set earlier by
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