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Clean Fuels Alliance America testified at EPA's public hearing that the proposed 2023 to 2025 biomass-based diesel volumes undercount existing production above 3 billion gallons. The group said the volumes limit category growth to 65 million gallons per year, despite a projected 500 million gallon increase in 2023 consumption.
If the final volumes stay near the proposal, expected growth in biodiesel and renewable diesel demand for soybean oil will be lower than the industry has planned.
biobased-diesel.comClean Fuels Alliance AmericaJan 10, 2023After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
