# Domestic renewable diesel capacity could more than double through 2025 -
		U.S. Energy Information Administration (EIA)

> The EIA estimates US renewable diesel capacity was 2.6 billion gallons per year at the end of 2022 and could reach 5.9 billion by the end of 2025 if announced projects proceed on schedule. Growth is driven by rising state and federal renewable fuel targets and biomass-based diesel tax credits extended through 2024 under the Inflation Reduction Act. The agency noted some projects may be delayed or canceled.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15334-domestic-renewable-diesel-capacity-could-more-than-double-through-2025-u-s
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large increase in renewable diesel capacity would sharply raise demand for vegetable oils such as soybean oil and canola oil, supporting their prices and feedstock demand.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-07-29 | [U.S. renewable diesel capacity could increase due to announced and developing projects -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/45930-u-s-renewable-diesel-capacity-could-increase-due-to-announced-and-developing.md) | -2.4% | -8.3% |
| SBO | 2022-03-24 | [EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/15408-eia-projects-u-s-renewable-diesel-supply-to-surpass-biodiesel-in-aeo2022-u-s.md) | -3.0% | +263.0% |
| SBO | 2017-12-15 | [U.S. biodiesel production still increasing despite expiration of tax credit -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/67355-u-s-biodiesel-production-still-increasing-despite-expiration-of-tax-credit-u-s.md) | -1.1% | -0.7% |
| SBO | 2022-04-15 | [EIA’s latest energy outlook forecasts US renewable diesel supply to…](https://feedsoft.ai/events/15403-eia-s-latest-energy-outlook-forecasts-us-renewable-diesel-supply-to.md) | +3.2% | +2.7% |
| SBO | 2021-07-22 | [US renewable diesel capacity projected to hit 5.1 billion gallons per year by 2024](https://feedsoft.ai/events/45934-us-renewable-diesel-capacity-projected-to-hit-5-1-billion-gallons-per-year-by.md) | +0.7% | -3.5% |
| SOY | 2017-12-15 | [U.S. biodiesel production still increasing despite expiration of tax credit -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/67355-u-s-biodiesel-production-still-increasing-despite-expiration-of-tax-credit-u-s.md) | -2.0% | +0.0% |
| SOY | 2022-10-03 | [Renewable diesel demand could pressure soybean exports \| The Western Producer](https://feedsoft.ai/events/15363-renewable-diesel-demand-could-pressure-soybean-exports-the-western-producer.md) | +0.2% | +1.7% |
| SOY | 2023-11-03 | [Increased Renewable Diesel Production is Attracting Competition for Soybean Oil](https://feedsoft.ai/events/15258-increased-renewable-diesel-production-is-attracting-competition-for-soybean-oil.md) | +1.8% | +1.6% |

## Sources

- eia.gov: https://www.eia.gov/todayinEnergy/detail.php?id=55399

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