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Phillips 66 signed a long-term agreement with Restaurant Technologies for ISCC-certified used cooking oil. The feedstock will supply sustainable aviation fuel and renewable diesel production at its Rodeo complex in California.
Securing waste-oil feedstock adds demand for used cooking oil and competes with other waste fats, but the scale is modest for global oilseed or fat prices.
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.