# CVR pauses renewable diesel plans as feedstock prices surge

> Reuters reports that CVR Energy has paused completing its renewable diesel conversion at the Wynnewood refinery because soybean oil feedstock prices have risen considerably. CEO David Lamp said the economics do not make sense for completing the conversion at this time.

- Date: 2021-08-03 · published 2021-08-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45446-cvr-pauses-renewable-diesel-plans-as-feedstock-prices-surge
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The project pause removes a planned source of soybean oil demand, which is mildly bearish for soybean oil. The decision also shows that high feedstock prices are limiting renewable diesel expansion.

## Read by commodity

- SBO: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/cvr-pauses-renewable-diesel-plans-feedstock-prices-surge-2021-08-03/

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