# Biofuel-hungry airlines push for federal incentives, raising fears of soy oil squeeze | 2021-06-08  | Agri-Pulse Communications, Inc.

> A coalition of airlines, Boeing, Airbus, UPS, FedEx and biofuel producers is lobbying Congress for a tax credit for sustainable aviation fuel worth up to twice the current $1-per-gallon biodiesel credit. SAF costs three to five times conventional jet fuel, and only 4 million gallons were produced in 2020. The airlines have committed to 2 billion gallons of biofuel use by 2030.

- Date: 2021-06-09 · published 2021-06-09T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46443-biofuel-hungry-airlines-push-for-federal-incentives-raising-fears-of-soy-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

If enacted, new SAF incentives would add a competing source of demand for vegetable oil feedstocks, adding to the food-versus-fuel squeeze. The effect on prices would depend on whether Congress acts.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-09-01 | [US soy: Renewable diesel not a food-versus-fuel issue \| 2021-08-31  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44937-us-soy-renewable-diesel-not-a-food-versus-fuel-issue-2021-08-31-agri-pulse.md) | -1.4% | +0.3% |
| SBO | 2019-09-11 | [White House hosts separate meetings as oil and biofuel battle rages on \| 2019-09-11  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56942-white-house-hosts-separate-meetings-as-oil-and-biofuel-battle-rages-on-2019-09.md) | +5.2% | +4.9% |
| SBO | 2025-04-02 | [Oil, biofuel coalition presents unified RFS request to EPA  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15128-oil-biofuel-coalition-presents-unified-rfs-request-to-epa-agri-pulse.md) | -1.6% | +5.1% |
| SBO | 2018-06-26 | [EPA proposes RVO numbers for 2019 \| 2018-06-26 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/64405-epa-proposes-rvo-numbers-for-2019-2018-06-26-agri-pulse-agri-pulse.md) | -0.6% | -2.4% |
| SBO | 2020-01-27 | [Existing feedstocks critical for doubling biodiesel use by 2030 \| 2020-01-27  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55174-existing-feedstocks-critical-for-doubling-biodiesel-use-by-2030-2020-01-27-agri.md) | -6.5% | -7.9% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/16007-biofuel-hungry-airlines-push-for-federal-incentives-raising-fears-of-soy-oil-squeeze

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