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An industry analysis says renewable diesel and biodiesel capacity may soon exceed domestic feedstock supply and demand. It projects 11 renewable diesel plants could add about 3 billion gallons of capacity by the end of 2024.
Petroleum companies are increasingly investing in renewable fuels.
Rapid capacity expansion increases the pull on soybean oil and other fats and oils, supporting feedstock prices. Feedstock shortfalls could raise competition for supplies.
oceanpk.comfkimJun 23, 2022Not enough comparable past events yet for a historical read.
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.
