# Behind the Hot Year for Biofuels M&A: 2021 Review & Outlook

> 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.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15422-behind-the-hot-year-for-biofuels-m-and-a-2021-review-and-outlook
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The buildout of renewable diesel capacity intensifies competition for vegetable oil, used cooking oil and other lipid feedstocks, which supports soybean oil prices.

## Read by commodity

- SBO: bullish ▲

## Sources

- oceanpk.com: https://oceanpk.com/behind-the-hot-year-for-biofuels-ma-2021-review/

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