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Pritzker, Incobrasa break ground on soybean processing expansion

September 11, 2023

BY Office of Illinois Gov. JB Pritzker

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

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By Erin Voegele

October 11, 2024

Feedstocks

The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 11. The outlook for soybean oil prices is also unchanged.

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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 IEA on Oct. 9 published its annual Renewables market report, which for the first time includes a chapter focused on renewable fuels that outlines expected growth in liquid biofuels, including SAF, biogas, and other forms of bioenergy through 2030.

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The Clean Fuels Alliance Foundation is now accepting applications for the Beth Calabotta Sustainability Education Grant. Established in 2018, the grant aims to support student scientists dedicated to sustainable research.

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The U.S. Energy Information Administration maintained its forecasts for 2024 and 2025 biodiesel production in its latest Short-Term Energy Outlook, released Oct. 8. The forecast for 2025 renewable diesel production was revised down.

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