# Is the Renewable Diesel Boom Done?

> Renewable diesel refining capacity grew from about 800 million gallons in 2020 to over 4 billion gallons in 2023 and is expected to exceed 7 billion gallons later this decade. Soybean crush capacity is also expanding, with 600 million bushels of additional capacity expected by 2026.

- Date: 2024-02-13 · published 2024-02-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15239-is-the-renewable-diesel-boom-done
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rapid growth in crush capacity and renewable diesel output increases soybean oil and meal supply, while demand depends on mandates and LCFS credits, pressuring meal prices and margins.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- nefb.org: https://www.nefb.org/02/13/2024/is-the-renewable-diesel-boom-done/

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