# POLITICO Pro | Article | Oil vs. ethanol: Battle lines blur as renewables take hold

> Petroleum refiners including Chevron, Marathon and Valero are expanding into renewable diesel, which is made partly from soybean oil and used cooking oil. Smaller independent refiners are struggling under federal biofuel blending requirements.

- Date: 2024-01-10 · published 2024-01-10T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15249-politico-pro-article-oil-vs-ethanol-battle-lines-blur-as-renewables-take-hold
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Growing refiner investment in renewable diesel sustains demand for soybean oil and other feedstocks, while blending mandates shape how much biofuel the market must absorb.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-17 | [Renewable diesel holds promising potential](https://feedsoft.ai/events/15297-renewable-diesel-holds-promising-potential.md) | +0.1% | -2.4% |
| SBO | 2020-10-05 | [US refiners accelerate transition to renewable fuels production \| Oil & Gas Journal](https://feedsoft.ai/events/50511-us-refiners-accelerate-transition-to-renewable-fuels-production-oil-and-gas.md) | +6.9% | +5.2% |
| SBO | 2020-11-04 | [Evolve or die: US refiners grasp renewables lifeline to stay viable](https://feedsoft.ai/events/50025-evolve-or-die-us-refiners-grasp-renewables-lifeline-to-stay-viable.md) | +6.7% | +10.9% |
| SBO | 2020-06-01 | [HollyFrontier to convert oil refinery into renewable diesel plant](https://feedsoft.ai/events/52476-hollyfrontier-to-convert-oil-refinery-into-renewable-diesel-plant.md) | +2.8% | -0.7% |
| SBO | 2021-03-18 | [U.S. renewable fuel credits hit multi-year high as oil group urges EPA to act](https://feedsoft.ai/events/48006-u-s-renewable-fuel-credits-hit-multi-year-high-as-oil-group-urges-epa-to-act.md) | +5.6% | +1.6% |

## Sources

- subscriber.politicopro.com: https://subscriber.politicopro.com/article/eenews/2024/01/10/oil-vs-ethanol-battle-lines-blur-as-renewables-take-hold-00132541

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