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Independent refiner Valero's renewable diesel margins in the first quarter fell 21.5% year-on-year to $1.02 a gallon. Rival HF Sinclair said lower credit prices swung its renewables segment to an ...
Valero Energy reported better-than-expected revenue and earnings, yet faces significant year-over-year declines. ... Nonetheless, renewable diesel stood out, with its operating income escalating ...
Valero operates this segment through Diamond Green Diesel (DGD), which has two plants in the Gulf Coast region of the United States. These plants have a combined annual production capacity of about 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha. [5]
U.S. renewable diesel production could generate an extra 500 million pounds of demand for soyoil this year, Juan Luciano, chief executive of agricultural commodities trader Archer Daniels Midland ...
The Marathon Martinez Renewable Fuels Facility is located in the San Francisco Bay Area in an unincorporated area known as Avon, East of Martinez, California. It refines biobased feedstocks such as animal fat, soybean oil and corn oil into renewable diesel. Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Sep. 6—Gas prices fell in New Mexico this week, with the state's average dropping 10 cents to $3.19 per gallon, according to AAA New Mexico Weekend Gas Watch. In Albuquerque, a gallon of fuel ...
The Renewable Fuel Standard (RFS) is an American federal program that requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels. It originated with the Energy Policy Act of 2005 and was expanded and extended by the Energy Independence and Security Act of 2007 .