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EIA expects continued high prices for diesel and home heating oils

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The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. US distillate fuel inventories average 17% below the five-year average in the forecast for 2023.

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Marathon Petroleum, ADM to form soybean oil JV to support renewable diesel production

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MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC.

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Production of renewable diesel restarted at the expanded part of Neste’s Singapore refinery after operational shutdown

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The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. The production line at the expanded part of the refinery was shut down in June for unexpected equipment repairs. Co-processed marine fuel to Swedish market. Neste Marine 0.1

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

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EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

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Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year, according to the latest “This Week in Petroleum” report from the US Energy Information Administration (EIA).

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Diamond Green Diesel to more than double renewable fuel capacity using second Honeywell Ecofining unit; 675M barrels renewable diesel per year

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Diamond Green Diesel facility in Norco, La., will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). Diamond Green Diesel is owned by Valero Energy Corp. and Darling Ingredients Inc., Ecofining unit.

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Viridos raises $25M in Series A for algae-based jet and diesel fuel

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The funding will be used for R&D to further increase algae oil productivity to reach commercially deployable levels. Globally, diesel and jet fuel account for more than one-third of the liquid fossil fuel used. SAF and RD made from Viridos algae oil are expected to have a 70% reduced carbon footprint.

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