# New Biofuel Targets Are the End of the Road for Renewable Diesel | BloombergNEF

> BloombergNEF says final RVO targets for renewable diesel fall well short of expected capacity by 2025. Supply could reach 5 billion gallons against 1.5 to 2.3 billion gallons needed to meet the mandate.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15294-new-biofuel-targets-are-the-end-of-the-road-for-renewable-diesel-bloombergnef
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewable diesel oversupply relative to mandates would pressure RIN values and push producers to cancel projects or find other markets, weakening demand for soybean oil and other fats.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-05-27 | [The Road Ahead: Renewable Diesel & SAF](https://feedsoft.ai/events/30342-the-road-ahead-renewable-diesel-and-saf.md) | +1.7% | +2.0% |
| SBO | 2019-06-25 | [NBB: SREs are harming demand for biodiesel, renewable diesel \| Biomass Magazine](https://feedsoft.ai/events/58473-nbb-sres-are-harming-demand-for-biodiesel-renewable-diesel-biomass-magazine.md) | -1.3% | -1.2% |
| SBO | 2023-03-07 | [ASA CEO: Renewable Diesel Could Drive a New Era for Soybean Demand, But EPA Needs to Rethink the RFS - AgWeb](https://feedsoft.ai/events/15321-asa-ceo-renewable-diesel-could-drive-a-new-era-for-soybean-demand-but-epa-needs.md) | -7.0% | -5.0% |
| SBO | 2023-10-27 | [D4 Production, Renewable Diesel, and RINs - The Jacobsen](https://feedsoft.ai/events/15269-d4-production-renewable-diesel-and-rins-the-jacobsen.md) | -0.7% | +6.4% |
| SBO | 2017-11-30 | [NBB disappointed in renewable volume obligation for biodiesel - Brownfield Ag News](https://feedsoft.ai/events/67843-nbb-disappointed-in-renewable-volume-obligation-for-biodiesel-brownfield-ag-news.md) | -2.5% | -4.3% |
| SOY | 2023-03-07 | [ASA CEO: Renewable Diesel Could Drive a New Era for Soybean Demand, But EPA Needs to Rethink the RFS - AgWeb](https://feedsoft.ai/events/15321-asa-ceo-renewable-diesel-could-drive-a-new-era-for-soybean-demand-but-epa-needs.md) | -2.7% | -1.2% |
| SOY | 2021-11-16 | [EU Targets Key Commodities in New Rules to Prevent Deforestation - Bloomberg](https://feedsoft.ai/events/44101-eu-targets-key-commodities-in-new-rules-to-prevent-deforestation-bloomberg.md) | +1.4% | +0.2% |
| SOY | 2017-12-12 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2018 and Biomass-Based Diesel Volume for 2019](https://feedsoft.ai/events/67350-federal-register-renewable-fuel-standard-program-standards-for-2018-and-biomass.md) | -2.1% | -3.6% |

## Sources

- about.bnef.com: https://about.bnef.com/insights/clean-transport/new-biofuel-targets-are-the-end-of-the-road-for-renewable-diesel/

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