USDA predicts growth in biodiesel, renewable diesel and SAF

February 22, 2021

BY Erin Krueger

The USDA predicts that 8.6 billion pounds of soybean oil will go to biodiesel production annually by 2030, up from 8.15 billion pounds in 2021-'22, according to data released by the agency in February as part of its long-term agricultural projections through 2030.

In its projections, the USDA assumes that that the volume requirement for biomass-based diesel under the Renewable Fuel Standard will remain at 2.43 billion gallons per year through the projection period.

Advertisement

Advertisement

While the report predicts soy-based biodiesel production will increase only slightly over the next decade, the USDA projects much higher growth rates for renewable diesel and sustainable aviation fuel (SAF) production. The expected increase in renewable diesel and SAF production is expected to be driven by limited alternatives for heavy-duty and aviation fuel, as well as new strategic investments by oil companies.

Globally, the USDA predicts that Brazil, Indonesia, the E.U. and the U.S. will drive much of biodiesel and renewable diesel’s global expansion. SAF markets are expected to remain small but expand sharply, especially in Europe and North America.

Advertisement

Advertisement

Indonesia and Argentina are expected to remain among the world’s leading exporters of biodiesel through the projection period, with the EU, U.S. and China likely to remain the leading importers.

A full copy of the report can be downloaded from the USDA website

 

Related Stories

At the University of Missouri, plant biochemist Jay Thelen is using arabidopsis as a powerful model to explore ways to boost oil production — an important step toward creating more sustainable, plant-based energy sources.

Read More

Iowa farmers have a new market opportunity for their 2025 soybean crop. Landus is expanding its Clean Fuel Regulation initiative, made possible by recent policy changes expected to increase Canada's demand for liquid biofuel.

Read More

Topsoe, a leading global provider of advanced technology and solutions for the energy transition, has been selected as the renewable diesel technology partner for CountryMark’s Mount Vernon, Indiana refinery.

Read More

Sens. Amy Klobuchar, D-Minn., and Jerry Moran, R-Kan., on July 31 announced the introduction of the Ag BIO Act. The legislation aims to update the USDA’s loan guarantee program to better support biorefining projects.

Read More

The U.S. exported 35,953.6 metric tons biodiesel and biodiesel blends of B30 or greater, according to data released by the USDA Foreign Agricultural Service on Aug. 5. Biodiesel imports were at 2,148.9 metric tons for the month.

Read More

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement