Ukraine vows to continue hitting Russia refineries.
https://www.politico.com/news/2024/03/22/ukraine-says-west-not-pressuring-it-to-end-attacks-on-russian-oil-facilities-00148673
The BOHO (or HOBO) Bean Oil over Heating Oil spread has narrowed.. leading to more renewable diesel production. Hence more D4 credits.. resulting in lower prices.
https://www.eia.gov/todayinenergy/detail.php?id=61463
CVR has started its renewable diesel production.. it plans to switch to SAF as soon as the market develops.. and probably convert it’s Coffeyville Ks plant into renewable diesel.. SAF which could be a much larger conversion.
https://biodieselmagazine.com//articles/cvr-energy-continues-to-consider-saf-projects-at-2-refineries
”Lamp said the new feedstock pretreatment unit at the Wynnewood facility was mechanically complete at the end of the first quarter. He said the unit was expected to begin processing feedstock within days of the Feb. 21 earnings call. He also noted that CVR Energy plans to complete a catalyst change at the renewable diesel unit over the next few weeks, while the company undertakes planned turnaround work at the Wynnewood facility. For the balance of 2024, Lamp said CVR Energy plans to run the renewable diesel unit at a slightly reduced rate in an effort to optimize catalyst life and increase product yields. He also indicated that the company is continuing to evaluate opportunities for renewables expansions, particularly the addition of SAF capacity at the Wynnewood facility and CVR Energy’s Coffeyville refinery in Kansas. For the potential Wynnewood expansion, Lamp said the company plans to begin soliciting bids over the next few months for offtake agreements that would support the conversion of the existing renewable diesel unit to 100% SAF. CVR Energy is also considering a larger project at the Coffeyville facility. Lamp said the company currently expects to have preliminary engineering and cost estimating work complete for that potential project by the end of the first quarter. CVR Energy currently plans to approach the market in the second half of 2024 to solicit bids for partners to invest in the construction of a renewable diesel and SAF facility near Coffeyville with a capacity of up to 500 MMgy, he said. Lamp said board approval of the project will depend on the company’s ability to find partners willing to fund the cost of construction.” |