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The Value in Diversification

Since starting out in Columbia, South Carolina, producing biodiesel as Midlands Biofuels, Green Energy Biofuel has expanded its grease collection services into South Carolina, Georgia, North Carolina and Tennessee. / PHOTO: GREEN ENERGY BIOFUEL

December 19, 2023

BY Keith Loria

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July WASDE maintains 2026-’27 forecast for soybean oil use in biofuel production

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By Erin Krueger

21 hours ago

Feedstocks 

The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released July 10. The outlook for soybean oil pricing was unchanged.

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XCF Global Inc., an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel (SAF), on July 9 announced that its New Rise Renewables Reno facility has begun producing renewable fuels.

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The U.S. Department of Agriculture on June 25 announced a final rule establishing technical guidelines for the production of regenerative agricultural biofuel feedstocks, a framework intended to help farmers market crops produced using qualifying regenerative practices into biofuel supply chains.

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The European Parliament on July 8 voted to reject a proposed EU regulation that would have phased out the use of soybean oil as a biofuel feedstock by 2030. Representatives of the EU’s biobased diesel industry applauded the decision.

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President Donald Trump on June 29 signed a proclamation temporarily suspending countervailing duties (CVDs) on certain phosphate fertilizer imports, providing immediate relief to American farmers.

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