Source: Tyne Morgan, THE DAILY SCOOP, 4/30/21


In a venture to produce cleaner energy, big oil is turning to soybean oil. In April, Phillips 66 announced it is securing feedstock for the company's growing portfolio of renewable fuels projects by investing in a new soybean-processing plant in Iowa. Phillips 66 isn’t alone — Love’s also made a similar announcement with Cargill.   “There’s a huge difference between what we typically know is biodiesel versus renewable diesel,” says Peter Meyer of S&P Global Platts.

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