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UFOP: Biodiesel potential to reduce GHGs not being exhausted

May 19, 2017

BY UFOP

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July WASDE maintains forecast for 2024-’25 soybean oil use in biofuel production

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By Erin Voegele

July 12, 2024

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest WASDE report, released July 12. The outlook for soybean production was lowered, but the forecast for soybean oil prices was unchanged.

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Reps. Ashley Hinson, R-Iowa, and Angie Craig, D-Minn., and 35 of their colleagues on July 10 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to set 2026 RFS RVOs that accurately reflect growth in biobased-diesel production.

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A new study shows feedstocks produced within the U.S. are on track to support domestic production of an additional 1.4 billion gallons of renewable diesel and biodiesel, also known as biomass-based diesel (BBD), by 2030.

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U.S. operable biofuels production capacity increased in April, with gains for ethanol, biodiesel and renewable diesel, according to data released by the U.S. EIA on June 28. Feedstock consumption was down from the previous month.

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