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USDA reports record high soybean production in 2021

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By Erin Voegele

January 13, 2022

BusinessFeedstocksNorth America

Increased acreage and higher yields led to record high soybean production last year, according to the USDA National Agricultural Statistics Service's 2021 Crop Production Annual Summary released on Jan. 12.

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In a cosigned letter, ACE, NBB, Great Plains Institute, Low Carbon Fuels Coalition, and Canadian Oilseed Processors Association recommend CARB recognize the climate benefits of farming practices in California's LCFS.

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Global Clean Energy Holdings Inc. on Jan. 3 announced that it has acquired Camelina Company España S.L. (CCE), Europe's largest camelina crop innovator and seed producer headquartered in Madrid, Spain.

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BBI International is launching a new magazine, titled Carbon Capture Magazine. There will be one print issue of the magazine published in 2022, along with a carbon capture industry directory and a map of storage and capture facilities.

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The USDA maintained its 2021-'22 forecast for soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 12. Soybean production is expected to be higher, with soybean oil prices unchanged.

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ExxonMobil has announced it is acquiring a 49.9 percent stake in Biojet AS, a Norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components.

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The U.S. EPA on Jan. 10 delivered a proposed rule that aims to create canola oil fuel pathways under the RFS for renewable diesel, jet fuel, naphtha and liquid propane gas (LPG) to the White House Office of Management and Budget.

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The EIA currently predicts U.S. biodiesel production will increase in both 2022 and 2023, according the agency's latest Short-Term Energy Outlook, released Jan. 11. Net imports of biomass based diesel are also expected to expand.

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Avfuel Corp. has announced the addition of ACI Jet (KSNA) to its list of branded FBOs now providing sustainable aviation fuel (SAF). The fuel supplier will provide the FBO with a consistent supply of Neste MY Sustainable Aviation Fuel.

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Renewable Energy Group Inc. has acquired Amber Resources LLC (dba Sawyer Petroleum) and its affiliated entities, M.O. Dion & Sons and Amber Petroleum Products. Amber Resources is a leading Southern California full-service fuel distributor.

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The U.S. exported 13,970.8 metric tons of biodiesel and biodiesel blends of B30 or greater in November, down from 29,689.5 metric tons in October but up from 10,262.3 metric tons in November 2020, according to data released by the USDA on Jan. 6.

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Howard Energy Partners has closed on a series of strategic financing transactions. Proceeds from the transactions will, among other things, help finance the previously announced build-out of HEP's renewable diesel logistics facility in Texas.

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Starting Dec. 2, 2021, all TriMet buses running on routes throughout the tri-county Portland metro area will be powered by a much cleaner-burning fuel—renewable diesel. TriMet is using a blend of 99 percent renewable diesel and 1 percent petroleum.

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Representatives of the biofuels industry called on the U.S. EPA to set strong RFS blending requirements and abandon plans to retroactively reduce the 2020 RVO during a Jan. 4 hearing held by the agency to gather comments on its pending RFS proposal.

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U.S. biofuels production capacity expanded to nearly 20.87 billion gallons per year in October, according to data released by the U.S. Energy Information Administration on Dec. 30. Feedstock consumption was also up significantly.

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Kentucky companies can now apply for the state's Renewable Chemical Production Program. The program incentivizes the production of more than 30 specified chemicals derived from biomass feedstocks. Applications must be filed by Jan. 15, 2022.

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The DOE is seeking input from biofuels producers and technology developers about their readiness to scale certain process technologies. The agency is also interested in learning how existing first-generation biofuel indsutries can be leveraged.

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CGB Enterprises Inc. and Minnesota Soybean Processors (MnSP) on Dec. 22 announced that they have formed a joint venture for the construction of a state-of-the-art soybean processing plant near Casselton, North Dakota.

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New York Gov. Kathy Hochul on Dec. 23 signed legislation that mandates all heating oil sold within the state contain at least 5 percent biodiesel by July 2022. The requirement expands to 10 percent starting in July 2025.

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Continental Refining Co. on Dec. 21 broke ground on its new soybean crushing, biodiesel refining and blending facility in Somerset, Kentucky, a project creating 20 full-time jobs with a $26.8 million investment.

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The U.S. EPA will host a virtual public workshop on GHG modeling for biofuels on Feb. 28 - March 1. Information gathered through the event will be used to inform a range of current and future actions, including those related to the RFS.

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Verde Bio Holdings Inc. announced on Dec. 16 the execution of a letter of intent to acquire two existing and operational biodiesel plants located in Fort Myers, Florida, and Wilson, North Carolina. Each plant has a capacity of approximately 5 MMgy.

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National Farmers Union is speaking out in support of the U.S. EPA's plan to undertake rulemaking in 2022 to develop Renewable Fuel Standard canola oil pathways for renewable fuels, including renewable diesel and jet fuel.

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The U.S. Department of Energy on Dec. 21 announced the establishment of the Office of Clean Energy Demonstrations, a new DOE office that will help deliver on President Biden's bold climate agenda, create new, good-paying jobs and reduce polution.

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Biofuel producers who experienced market losses in 2020 as a result of COVID-19 have until Feb. 11 to file an application with the USDA seeking a portion of the $700 million in relief funds to be awarded under the Biofuel Producer Program.

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The U.S. EPA has released RIN data for November, reporting that more than 1.78 billion RINs were generated under the Renewable Fuel Standard during the month, up from 1.62 billion generated during the same period of last year.

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Fulcrum Bioenergy on Dec. 20 announced it has completed interim financing to fund its second waste-to-fuels plant, a 33 MMgy facility in Gary, Indiana. The announcement came less than a week after SK Inc. announced an investment in Fulcrum.

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Marathon Petroleum Corp. and ADM on Dec. 14 announced the closing of their joint venture to produce soybean oil to supply the rapidly growing demand for renewable diesel fuel. The joint venture will own an operate a facility in North Dakota.

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The NBB has welcomed the release of a new report, "The Economic Benefits of the Biodiesel Blenders' Credit," from Capital Policy Analytics. The report calculates annual economic and environmental benefits of U.S. biodiesel production.

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The U.S. EPA released updated SRE data on Dec. 16, reporting that two additional SRE petitions have been filed under the RFS for compliance year 2021. A total of 67 SRE petitions are now pending, up from 65 in November.

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