American oil refineries race to produce renewable diesel ahead of Canadian compe

[Graybeard]

https://www.foxbusiness.com/markets/american-oil-refineries-renewable-diesel-canada

By Danielle WallaceFOXBusiness

American oil refineries, with shorter regulatory delays compared to their Canadian counterparts, are racing to produce renewable diesel to capitalize on Canada’s greener fuel standard before its own refineries are able to modify their plants to make it themselves.

Canadian Prime Minister Justin Trudeau’s government plans to announce its Clean Fuel Standard by the end of this year, with the ultimate goal of cutting 30 million tonnes of emissions by 2030, Reuters reported.

But only three projects have been publicly announced in Canada to make the fuel, according to Ian Thomson, president of the Advanced Biofuels Canada industry group.


Meanwhile, at least five U.S. refineries have gone public with their plans to produce renewable diesel or said they would consider the option. That includes Phillips 66 and HollyFrontier Corp.

Ticker   Security                           Last          Change   Change %
PSX   PHILLIPS 66                           51.06   +0.78   +1.55%
HFC   HOLLYFRONTIER CORP           19.60   +0.66   +3.48%

“This is Canada’s to lose,” Thomson told Reuters. “If Canada’s refiners want to get left out of the game, they will dig their heels in and oppose the standard. Meanwhile, the Americans will build.”


Renewable diesel is produced by processing used cooking oil, canola oil, or animal fats. It can be used in high concentrations or without blending in conventional diesel engines. A part of a niche market, it only makes up 0.5% of the 430-billion gallon per year global diesel market, according to Morgan Stanley.

But it’s valued for its environmental benefit, given greenhouse gas emissions from renewable diesel and traditional biodiesel are an estimated 50% to 80% lower than conventional diesel, according to Reuters.

The pandemic has also slowed plans for Suncor Energy Inc, Canada's second-biggest oil producer, to open a renewable diesel plant in Montreal, and other Canadian companies face longer regulatory delays compared to their American counterparts, said Chief Sustainability Officer Martha Hall Findlay.


“The timelines would force investment in facilities outside Canada because of the sheer fact that we can’t build them that fast,” Hall Findlay said. “That seems a little backward.”

[oldandslow]

(But it’s valued for its environmental benefit, given greenhouse gas emissions from renewable diesel and traditional biodiesel are an estimated 50% to 80% lower than conventional diesel, according to Reuters.)

I like that estimated business we always get from the liberal environmentalists. You never see hard numbers proven by scientific experiment

( “That seems a little backward.”)

Yes, it does unless you are a liberal environmentalist.

[Bob Riebe]

Now I am going by what I, read, and heard on farm radio, ten years ago, but the base for this comes from crops raised just for that.

Back when Corn was suddenly grown for alcohol rather than feeding people and live stock, MANY, farmers were very unhappy about how this drove up price for feed and made it actually difficult to get as a lot of elevators no longer had feed available to farmers because they directed their corn only to alcohol production.

SO, if more crops are grown only for fuel, then there is going to be less for all else.
I still remember well while listening to farm radio, a farm woman was ripping the gasohol loving show host a new rectum, over how what taking corn away from farmers for gasohol had  hurt so many farmers, when he just cuts in and says --  well we are out of time on this subject and must move on.

At that biodiesel has problems not found in mineral diesel, and all this misery is forced on those who need diesel because of BS paranoia over Carbon Dioxide which liberals sell their souls to make the naive public believe is a problem.

Biodiesel: Advantages and Potential Problems
https://cdn2.hubspot.net/hub/68152/file-458350385-pdf/Bell_Performs/Biofuels_-_Advantages_and_Potential_Problems.pdf?t=1389735167000