# Report: Renewable Diesel Will Turbocharge U.S. Biofuel Growth | Feed & Grain

> A CoBank report says recent investment in U.S. renewable diesel capacity will drive strong growth in the biofuels sector. It projects capacity rising sixfold to 6.5 billion gallons a year by 2030 as soybean crush and refinery projects come online.

- Date: 2022-10-04 · published 2022-10-04T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15362-report-renewable-diesel-will-turbocharge-u-s-biofuel-growth-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Growing renewable diesel output would sharply increase demand for soybean oil and soybeans, tightening vegetable oil supplies and supporting prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-11-16 | [Renewable diesel projected to turbo charge U.S. biofuel growth – AgriNews](https://feedsoft.ai/events/15355-renewable-diesel-projected-to-turbo-charge-u-s-biofuel-growth-agrinews.md) | -4.9% | -13.8% |
| SBO | 2024-04-09 | [FAPRI Report Outlines Expected Growth in Renewable Diesel, SAF Production - World-Energy](https://feedsoft.ai/events/15223-fapri-report-outlines-expected-growth-in-renewable-diesel-saf-production-world.md) | -5.0% | -7.5% |
| SBO | 2022-09-29 | [Report highlights demands on soybean industry from US renewable diesel growth](https://feedsoft.ai/events/15372-report-highlights-demands-on-soybean-industry-from-us-renewable-diesel-growth.md) | +2.9% | +10.1% |
| SBO | 2023-03-09 | [EIA: Renewable Diesel Growth at Expense of Biodiesel \| O&E Online](https://feedsoft.ai/events/15326-eia-renewable-diesel-growth-at-expense-of-biodiesel-o-and-e-online.md) | -5.4% | -5.1% |
| SBO | 2023-11-22 | [Biodiesel Producers Weathering the Renewable Diesel Surge](https://feedsoft.ai/events/15264-biodiesel-producers-weathering-the-renewable-diesel-surge.md) | -1.2% | -4.4% |
| SOY | 2022-11-16 | [Renewable diesel projected to turbo charge U.S. biofuel growth – AgriNews](https://feedsoft.ai/events/15355-renewable-diesel-projected-to-turbo-charge-u-s-biofuel-growth-agrinews.md) | -1.9% | +1.7% |
| SOY | 2022-09-29 | [Report highlights demands on soybean industry from US renewable diesel growth](https://feedsoft.ai/events/15372-report-highlights-demands-on-soybean-industry-from-us-renewable-diesel-growth.md) | -2.8% | -1.9% |
| SOY | 2023-12-21 | [Soybean Oil Rapidly Gaining Ground as Renewable Diesel Feedstock](https://feedsoft.ai/events/15252-soybean-oil-rapidly-gaining-ground-as-renewable-diesel-feedstock.md) | -0.2% | -6.4% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/grain-processing/news/15384724/report-renewable-diesel-will-turbocharge-us-biofuel-growth

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