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October WASDE maintains outlook for 2024-’25 soybean oil use in biofuel production

October 11, 2024

BY Erin Voegele

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Biofuel groups urge flexibility in 45Z CSA requirements

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By Erin Voegele

10 hours ago

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The USDA on Oct. 15 held a third virtual listening session as part of its public consultation on climate-smart ag for biofuel feedstocks. During the event, biofuel groups advocated for flexibility in CSA requirements for the 45Z credit.

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Terviva Inc. on Oct. 15 announced its investment from Chevron Renewable Energy Group. Together, the two companies expect to scale Terviva’s pongamia-growing operations and drive greater availability of pongamia as a biofuel feedstock.

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Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of UCO and tallow, according to CoBank.

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U.S. soybean production is expected to reach a record high 4.58 billion bushels, up significantly from last year, according to the USDA National Agricultural Statistics Service’s latest Crop Production report, released Oct. 11.

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The Clean Energy Ministerial (CEM) Biofuture Platform Initiative has unveiled a new Global Biomass Resource Assessment, providing groundbreaking data on current and future sustainable biomass supplies around the world.

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