# Biobased Diesel Daily: Biobased Diesel by the Numbers - Ocean Park

> 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.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15387-biobased-diesel-daily-biobased-diesel-by-the-numbers-ocean-park
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rapid capacity expansion increases the pull on soybean oil and other fats and oils, supporting feedstock prices. Feedstock shortfalls could raise competition for supplies.

## Read by commodity

- SBO: bullish ▲

## Sources

- oceanpk.com: https://oceanpk.com/biobased-diesel-by-the-numbers/

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