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In early 2021, the refinery was given to green light to start converting its units so it could produce renewable diesel made from animal tallow, corn oil, and soybean oil. [9] They partnered with Neste and began producing renewable diesel in late 2022 and moving up to full capacity in 2023 making it the largest renewable diesel refinery in the ...
In September 2010, Petroplus announced plans to sell its 32.62 percent stake to its partners for $91 million as PBF acquired the Paulsboro refinery from Valero Energy. [7] [8] PBF then acquired the Toledo refinery from Sunoco in December 2010 for approximately $400 million. [9] PBF went public in December 2012 with a $533 million initial public ...
In 2023 Marathon completed the conversion of the Martinez Refinery [37] [38] to a renewable fuels manufacturing facility with a capacity of 730 million gallons per year (47,500 bpcd). [ 38 ] Finances
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“More crude oil was produced in the United States during August 2024 than during December 2023, when the previous monthly record of 13.3 million b/d was set,” it states U.S. crude production ...
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At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...