Soybean markets have rebounded tremendously over the first half of 2021 after an extended period that was hampered by any number of factors, from international trade conflicts to African swine fever in China to economic disruptions brought on by the COVID-19 pandemic.
The National Biodiesel Board recently announced our new vision to be a 6-billion-gallon industry by 2030. This vision more than doubles production of biodiesel and renewable diesel in the next decade and sets the industry on a fast growth trajectory to find feedstocks to supply that demand. Biodiesel and renewable diesel’s growth projections mean good news for soybean farmers.
Biodiesel day is March 18, 2019. A clean burning and renewable fuel, biodiesel utilizes about 5.6 billion pounds of soybean oil each year, while at the same time reducing emissions. Biodiesel’s expanding markets are something South Dakota soybean growers can celebrate.
SDSA needs you to submit comments to EPA this month on the 2018 and 2019 volumes for biomass-based diesel under the Renewable Fuel Standard (RFS). EPA released its proposed 2018/19 RFS volumes in early July, calling for biodiesel volumes of 2.1 billion gallons in 2019, and an Advanced Biofuels volume of 4.28 billion gallons for 2018.
A new biodiesel blending site in Box Elder will make using biodiesel much easier in the western part of the state. Located less than 10 miles from the Magellan Rapid City terminal, the new Victory Renewables biodiesel blending facility provides fuel marketers with convenient access to take full loads of biodiesel or blend biodiesel with diesel fuel. Biodiesel will arrive at the new facility via rail and users will bottom load transport trucks. A heating system allows for sales year-round.
Whether for transportation fuel, heating oil, or simply to help clean up the air, New Yorkers are committed to using biodiesel and the biodiesel-based home heating oil alternative known as Bioheat®. Read about a few of the leaders driving demand for U.S. soybean oil through increased biodiesel usage in the Big Apple.