# Trade Group Seeks 7-billion-gallon Advanced Biofuel Mandate

> Clean Fuels America Alliance asked the EPA to raise the advanced biofuel mandate by 1 billion gallons a year, to 7.63 billion gallons in 2024. The EPA has a November 30 deadline to set the Renewable Fuel Standard for 2023 and possibly 2024.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15354-trade-group-seeks-7-billion-gallon-advanced-biofuel-mandate
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A larger federal biofuel mandate would increase demand for soybean oil and other feedstocks, supporting vegetable oil prices if the EPA adopts it; the outcome remains uncertain.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-04-26 | [Malaysia's biodiesel group opposes reduction of biofuel mandate](https://feedsoft.ai/events/15828-malaysia-s-biodiesel-group-opposes-reduction-of-biofuel-mandate.md) | -2.4% | -4.2% |
| SBO | 2021-11-02 | [Reform The RFS - Advanced Biofuels Association](https://feedsoft.ai/events/15435-reform-the-rfs-advanced-biofuels-association.md) | -4.4% | -8.0% |
| SBO | 2024-12-06 | [Biofuels Groups Size Up EPA Under Second Trump Administration, Seek RFS Help](https://feedsoft.ai/events/15158-biofuels-groups-size-up-epa-under-second-trump-administration-seek-rfs-help.md) | +2.7% | -2.1% |
| SBO | 2022-07-20 | [Grassley, Klobuchar Lead Bipartisan Group in Urging EPA to Support Advanced Biofuel Production](https://feedsoft.ai/events/15379-grassley-klobuchar-lead-bipartisan-group-in-urging-epa-to-support-advanced.md) | -3.3% | +3.0% |
| SBO | 2021-02-18 | [Biofuels bill advances through Iowa subcommittees](https://feedsoft.ai/events/48509-biofuels-bill-advances-through-iowa-subcommittees.md) | +6.6% | +18.5% |
| SOY | 2021-02-18 | [Biofuels bill advances through Iowa subcommittees](https://feedsoft.ai/events/48509-biofuels-bill-advances-through-iowa-subcommittees.md) | +2.9% | +2.5% |
| SOY | 2025-02-20 | [US oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates \| Reuters](https://feedsoft.ai/events/15141-us-oil-biofuel-groups-unite-to-urge-new-trump-epa-to-boost-biofuel-mandates.md) | -0.7% | -2.3% |
| SOY | 2016-11-23 | [Final 2017-'18 RFS rule: Advanced biofuel RVO grows at 19 percent \| Biodiesel Magazine](https://feedsoft.ai/events/73748-final-2017-18-rfs-rule-advanced-biofuel-rvo-grows-at-19-percent-biodiesel.md) | +0.2% | -2.3% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/trade-group-seeks-7-billion-gallon-advanced-biofuel-mandate

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