# Behind the Hot Year for Biofuels M&A: 2021 Review and Outlook  : The Daily Digest

> Biofuels mergers and acquisitions doubled in 2021 over 2020, including POET's acquisition of Flint Hills' ethanol business adding 800 million gallons per year of capacity. Renewable diesel construction expanded, with 12 plants accounting for 3.9 billion gallons of capacity through 2024, intensifying competition for vegetable oil and lipid feedstocks.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/42710-behind-the-hot-year-for-biofuels-m-and-a-2021-review-and-outlook-the-daily
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rapid renewable diesel capacity growth increases demand for vegetable oils, corn oil and other lipids, tightening feedstock supplies and supporting vegoil and feed fat prices.

## Read by commodity

- SBO: bullish ▲
- CORN: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-04-08 | [Argentina raises biodiesel price to $635.5 per ton for April  : The Daily Digest](https://feedsoft.ai/events/59468-argentina-raises-biodiesel-price-to-635-5-per-ton-for-april-the-daily-digest.md) | -0.7% | -7.9% |
| SBO | 2021-01-07 | [D4 RINs seen supporting producer margins through 2021  : The Daily Digest](https://feedsoft.ai/events/49014-d4-rins-seen-supporting-producer-margins-through-2021-the-daily-digest.md) | -3.3% | +2.2% |
| SBO | 2020-03-05 | [Indonesia’s B30 mandate to use 9.6 billion liters of biodiesel and save $4.5B in fossil fuel imports  : The Daily Digest](https://feedsoft.ai/events/54012-indonesia-s-b30-mandate-to-use-9-6-billion-liters-of-biodiesel-and-save-4-5b-in.md) | -7.3% | -11.5% |
| SBO | 2016-11-24 | [RFS 2017 announcement boosts soy and palm oil prices around the world  : The Daily Digest](https://feedsoft.ai/events/6689-rfs-2017-announcement-boosts-soy-and-palm-oil-prices-around-the-world-the-daily.md) | +2.1% | -5.6% |
| SBO | 2019-09-25 | [Brazilian veg oil industry sees demand rising 20% in 2020 thanks to B12 mandate  : The Daily Digest](https://feedsoft.ai/events/57164-brazilian-veg-oil-industry-sees-demand-rising-20-in-2020-thanks-to-b12-mandate.md) | -1.3% | +5.7% |
| PALMOIL | 2020-03-05 | [Indonesia’s B30 mandate to use 9.6 billion liters of biodiesel and save $4.5B in fossil fuel imports  : The Daily Digest](https://feedsoft.ai/events/54012-indonesia-s-b30-mandate-to-use-9-6-billion-liters-of-biodiesel-and-save-4-5b-in.md) | -5.2% | -9.6% |
| PALMOIL | 2016-11-24 | [RFS 2017 announcement boosts soy and palm oil prices around the world  : The Daily Digest](https://feedsoft.ai/events/6689-rfs-2017-announcement-boosts-soy-and-palm-oil-prices-around-the-world-the-daily.md) | +3.8% | +5.0% |
| PALMOIL | 2018-03-12 | [Indonesian biodiesel production seen jumping to 3.5 million tons this year  : The Daily Digest](https://feedsoft.ai/events/65877-indonesian-biodiesel-production-seen-jumping-to-3-5-million-tons-this-year-the.md) | +1.1% | +4.0% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/behind-the-hot-year-for-biofuels-ma-2021-review-and-outlook/

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