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Soy processing grows as vegetable oil prices remain at record low

January 22, 2016

BY UFOP

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Petrobras sells first batch of SAF made using Bunge’s CORSIA-certified soybean oil

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By Erin Krueger

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Feedstocks Sustainable Aviation Fuels Business 

Brazil-based Petrobras on June 17 announced is has completed the production and sale of its first batch of sustainable aviation fuel (SAF) made from CORSIA-certified soybean oil. The soybean oil was sourced from Bunge.

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President Donald Trump on June 24 called on Congress to pass E15 legislation and asked lawmakers to approve an additional $11.1 billion in farm aid, including $10 billion in economic support for row and specialty crop farmers.

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The USDA on June 18 released data showing the cost of soybean production is expected to increase more than 4% this year, reaching $$683.89 per acre. Per-acre costs are currently expected to expand by an additional 3% in 2027.

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Carbon Direct on June 16 released the Criteria for High-Quality Low Carbon Fuels — a globally applicable, consolidated criteria for high-quality low carbon fuels (LCF) procurement on the voluntary market.

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A comprehensive new study from S&P Global Energy finds expanded biofuel demand could transform American agriculture, reignite rural economies and provide global food and energy security. The study was commissioned by USFRA.

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