# Analysis: High credit values outweigh cost of production for US renewable distillates | S&P Global

> S&P Global Platts found that rising federal and state incentives have pushed the value of renewable diesel and sustainable aviation fuel credits above production costs. D4 RINs reached multi-year highs alongside soybean oil rallies, and the reinstated $1/gal federal biomass-based diesel tax credit runs through 2022.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/50991-analysis-high-credit-values-outweigh-cost-of-production-for-us-renewable
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Credit values above production cost should keep refiners converting capacity to renewable fuels, adding steady demand for soybean oil and supporting its price. The same incentives could turn negative for producers if credit values fall.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-08-07 | [Analysis of Feedstock Policy on U.S. Renewable Fuels Production \| Stillwater Associates](https://feedsoft.ai/events/15099-analysis-of-feedstock-policy-on-u-s-renewable-fuels-production-stillwater.md) | -0.3% | -1.9% |
| SBO | 2021-08-11 | [US renewable diesel production faces headwinds from high feedstock costs](https://feedsoft.ai/events/45443-us-renewable-diesel-production-faces-headwinds-from-high-feedstock-costs.md) | -2.5% | -10.6% |
| SBO | 2022-02-07 | [FEATURE: Renewable diesel producers racing for the finish line as credits under pressure \| S&P Global](https://feedsoft.ai/events/15420-feature-renewable-diesel-producers-racing-for-the-finish-line-as-credits-under.md) | +0.9% | +10.8% |
| SBO | 2026-06-01 | [Renewable fuel credit prices hit records on U.S. biofuel mandates, oil market volatility](https://feedsoft.ai/events/18888-renewable-fuel-credit-prices-hit-records-on-u-s-biofuel-mandates-oil-market.md) | -2.0% | -6.1% |
| SBO | 2026-05-29 | [Renewable fuel credit prices hit records on U.S. biofuel mandates, oil market volatility \| Reuters](https://feedsoft.ai/events/19350-renewable-fuel-credit-prices-hit-records-on-u-s-biofuel-mandates-oil-market.md) | -0.2% | -3.8% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/092120-high-credit-values-outweigh-cost-of-production-for-us-renewable-distillates

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