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HollyFrontier plans a 125 million gallon per year renewable diesel unit at its Navajo refinery in New Mexico, expected online in Q1 2022. The company said the unit would process soybean oil and other feedstocks and reduce its RIN purchase obligation, and it will appeal a lost small refinery exemption.
New renewable diesel capacity that processes soybean oil adds future vegoil demand, supporting soybean oil prices. The project is a multi-year demand addition rather than an immediate price shock.
spglobal.comFeb 20, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
