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Biofuel mergers and acquisitions roughly doubled in 2021 from 2020, led by POET's purchase of Flint Hills' ethanol business. Renewable diesel and biodiesel firms focused on building and retrofitting plants, with 12 projects totaling 3.9 billion gallons and over $7 billion in investment through 2024.
The buildout of renewable diesel capacity intensifies competition for vegetable oil, used cooking oil and other lipid feedstocks, which supports soybean oil prices.
oceanpk.comfkimFeb 28, 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.
