Mandated Fortune: How Biofuel Mandates Are Swaying US Refiners' Bottom Line The recent surge in biofuels demand, driven by government mandates and rising fuel prices, has brought a welcome change for US oil refiners.
For years, these companies struggled to turn a profit from renewable fuels, but the new landscape is proving more favorable.
The largest players, such as Valero and Phillips 66, are now reaping the rewards of increased biofuel production.