Loading…
Phillips 66 announced plans to convert its San Francisco refinery in Rodeo, California, to produce renewable fuels from used cooking oil, fats, greases and soybean oil. The plant would make over 800 million gallons a year of renewable fuels by the mid-2020s.
A plant of this scale would draw large volumes of soybean oil and waste fats from global sources, supporting vegetable oil prices and tightening feedstock supply for other users.
businesswire.comAug 12, 2020After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
