# Renewable diesel holds promising potential

> Renewable diesel capacity has grown from under 1 billion gallons in early 2021 to about 3.5 billion gallons in 2023. Another 3.5 billion gallons is in planning, though the American Soybean Association says not all of it will be built.

- Date: 2023-07-17 · published 2023-07-17T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15297-renewable-diesel-holds-promising-potential
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanding renewable diesel capacity increases demand for soybean oil and other feedstocks, supporting soy oil prices if planned plants are built.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-08-18 | [Renewable diesel: The wave that keeps rising - ADI Analytics](https://feedsoft.ai/events/51484-renewable-diesel-the-wave-that-keeps-rising-adi-analytics.md) | +1.2% | +8.9% |
| 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 | 2021-08-11 | [US renewable diesel production faces headwinds from high feedstock costs](https://feedsoft.ai/events/45443-us-renewable-diesel-production-faces-headwinds-from-high-feedstock-costs.md) | -2.5% | -10.6% |
| SBO | 2021-10-05 | [Your Guide to the Emerging Renewable Diesel Market - AgWeb](https://feedsoft.ai/events/44396-your-guide-to-the-emerging-renewable-diesel-market-agweb.md) | +2.3% | +5.0% |
| SBO | 2026-09-11 | [Biodiesel Producers Prepare for Higher US Renewable Fuel Requirements](https://feedsoft.ai/events/14995-biodiesel-producers-prepare-for-higher-us-renewable-fuel-requirements.md) | +0.2% | -2.0% |
| SOY | 2021-08-11 | [US renewable diesel production faces headwinds from high feedstock costs](https://feedsoft.ai/events/45443-us-renewable-diesel-production-faces-headwinds-from-high-feedstock-costs.md) | -5.4% | -12.2% |
| SOY | 2021-10-05 | [Your Guide to the Emerging Renewable Diesel Market - AgWeb](https://feedsoft.ai/events/44396-your-guide-to-the-emerging-renewable-diesel-market-agweb.md) | -0.6% | +0.1% |
| SOY | 2026-09-11 | [Biodiesel Producers Prepare for Higher US Renewable Fuel Requirements](https://feedsoft.ai/events/14995-biodiesel-producers-prepare-for-higher-us-renewable-fuel-requirements.md) | +3.1% | +0.0% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Renewable-diesel-holds-promising-potential

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