# Canada's renewable diesel projects hit by US import surge

> Canadian renewable fuel producers face lower returns on new projects after a slump in British Columbia's LCFS credit market. US exports of renewable diesel to Canada reached 530 million litres in the first half of the year. British Columbia says it is not planning changes to its LCFS program.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/15180-canada-s-renewable-diesel-projects-hit-by-us-import-surge
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cheap US renewable diesel imports depress Canadian credit values and project economics, which reduces domestic demand for vegetable oil feedstocks and weighs on soyoil demand.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-03-14 | [US renewable diesel market faces shifting tides amid market uncertainty \| S&P Global](https://feedsoft.ai/events/15139-us-renewable-diesel-market-faces-shifting-tides-amid-market-uncertainty-s-and-p.md) | +2.4% | +10.0% |
| SBO | 2018-03-26 | [EU biodiesel sector faces cheap imports](https://feedsoft.ai/events/66098-eu-biodiesel-sector-faces-cheap-imports.md) | +2.0% | -1.2% |
| SBO | 2024-04-26 | [Soaring Imports of Green Diesel Feedstocks Disrupt US Soy Market - Bloomberg](https://feedsoft.ai/events/15221-soaring-imports-of-green-diesel-feedstocks-disrupt-us-soy-market-bloomberg.md) | -3.6% | +2.7% |
| SBO | 2017-04-12 | [China edible oil price slump to hit palm oil imports \| Borneo Post Online](https://feedsoft.ai/events/71601-china-edible-oil-price-slump-to-hit-palm-oil-imports-borneo-post-online.md) | +1.6% | +3.2% |
| SBO | 2018-03-07 | [Europe struggles to stem biodiesel import flood](https://feedsoft.ai/events/66095-europe-struggles-to-stem-biodiesel-import-flood.md) | -0.9% | -1.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/canadas-renewable-diesel-projects-hit-by-us-import-surge-2024-10-29/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.