Renewable diesel is the place to be right now.
Vertex acquired Shell's Mobile refinery for $75M, and is starting an $85M renewable diesel project, converting an existing hydrocracking unit.
Forecasting $400M in gross profit in 2023, once the unit is online:
https://s3.amazonaws.com/cdn.irdirect.net/PIR/485/5691/VTNR%20Mobile%20PSA%20Presentation.pdf
At close, Vertex will initiate an $85 million project that will result in new, incremental production of 10,000 bpd of renewable fuels by year-end 2022, increasing to 14,000 bpd by mid-year 2023 • Vertex expects the average gross profit per barrel on its renewable diesel production is significantly higher than that of Mobile’s conventional fuels production, given the current benefit of tax subsidies and carbon reduction incentives
VTNR went from $1.75/sh on Wednesday to $6/sh in premarket today. It's insanity, maybe this is closer to what TWM had in mind with their renewable announcement. :\