Energy Firms Report Growth in Renewable Fuel Production
Major energy companies including Marathon Petroleum and PBF Energy report increased renewable diesel production and new sustainable aviation fuel agreements in late 2026.
Marathon Petroleum Corporation and several other energy firms reported growth in their renewable fuel segments during late October and early November 2026. Marathon Petroleum reported increased third-quarter earnings for its renewable diesel segment, with production volumes rising approximately 1% compared to the previous year.
PBF Energy Inc. reported that its St. Bernard Renewables facility produced roughly 19,156 barrels per day of renewable diesel in the third quarter, an increase over both the prior quarter and the same period last year. Similarly, Imperial Oil Ltd. announced that its renewable diesel facility at the Strathcona refinery achieved record-high canola oil throughput during the third quarter.
In the sustainable aviation fuel sector, Shell Aviation signed a long-term offtake agreement on November 2 with Green Sky Manara LLC for fuel from a proposed biorefinery in Morocco. To support the development of this project by Green Sky Capital Manara Ltd., the European Bank for Reconstruction and Development is evaluating a senior secured loan of up to $135 million.
