Articles tagged under: biodiesel
More Soybean Oil Going to the Biodiesel Market
Published October 13, 2023
Thursday’s USDA report indicated more soybean oil is going into biodiesel. USDA Chief Economist Seth Meyer credits the interest in renewable diesel fuel. "It will be interesting to see how this industry evolves between renewable diesel production and more traditional fame…USB Invests in New Products
Published August 7, 2023
The United Soybean Board continues to look for new uses for products made from soybeans. USB director Lawrence Sukalski, who farms at Fairmont, Minnesota, says the projects include heating oil. “More and more states are making mandates for five and…Congressional Intervention May Be Necessary
Published June 22, 2023
Minnesota Soybean Growers Association President Bob Worth is adamant, saying a lower requirement for biodiesel use through 2025 undermines years of work. “We’ve worked with biodiesel for 20-plus years and now the EPA just decided they are going a different…Argentina Extends Biodiesel Blend
Published August 26, 2022
Argentina’s government extended its 12.5 percent biodiesel blend rate to avoid an increase in fuel imports. Argentina initially increased the blend rate from five percent to 12.5 percent in June. Argentina’s government did not say how long the 12.5 percent…EPA Unveils Final Renewable Volume Obligations
Published June 6, 2022
Late last week, the Environmental Protection Agency finalized 2022 Renewable Volume Obligations. For 2022, the final RVOs are 20.63 billion gallons, slightly lower than what EPA initially proposed at the end of last year. The 2022 total includes 15 billion…Renewable Diesel vs. Biodiesel
Published March 15, 2022
The market potential is strong for renewable diesel, but that doesn't mean attention is shifting away from biodiesel. "Soybeans are used for both," said Mike Skaug, president, Minnesota Soybean Growers Association. "Soybeans will have more demand than before. Renewable fuels…New York Biodiesel Mandate Coming in New Year
Published December 24, 2021
The State of New York is implementing a new biodiesel blending requirement for heating oil. As of July 1, five percent of the heating oil must contain biodiesel. That moves to 10 percent by 2025 and 20 percent by 2030.…Vegetable Oil Shortages Weigh on Markets
Published December 16, 2021
Shortages in the vegetable oil market are pushing the grain markets higher. Market advisor Mike Krueger says this shortage is two-fold. "People want to be bearish on the soybeans, because there's talk about record crop production for North America in…Fueling Your Farm
Published November 12, 2021
The North Dakota Soybean Council is hosting 12 Fueling Your Farm Workshops statewide. Fuel consultant, MEG Corporation, will provide information about diesel fuel, biodiesel and renewable diesel. NDSC Director of Market Development Jena Bjertness says the goal is to increase…