# ANALYSIS: California refineries’ biofuel plans bring LCFS programmes into focus «  Carbon Pulse

> Oil majors are planning to convert California refineries to renewable diesel and other biofuels production. The shift is linked to the state's Low Carbon Fuel Standard and an expected long-term decline in petroleum fuel consumption, and momentum is building for a national LCFS.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/50994-analysis-california-refineries-biofuel-plans-bring-lcfs-programmes-into-focus
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Conversion of refinery capacity to renewable diesel adds demand for vegetable oil feedstocks such as soybean oil. The national LCFS push could widen that demand beyond California.

## Read by commodity

- SBO: bullish ▲
- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-07-31 | [Indonesia’s biodiesel plan, Delhi cuts VAT on diesel, Philippines’ fuel marking program - F&L Asia](https://feedsoft.ai/events/51975-indonesia-s-biodiesel-plan-delhi-cuts-vat-on-diesel-philippines-fuel-marking.md) | +5.1% | +11.1% |
| SBO | 2026-10-27 | [Growing US biofuel production intensifies competition for soybean oil](https://feedsoft.ai/events/17179-growing-us-biofuel-production-intensifies-competition-for-soybean-oil.md) | -0.5% | — |
| 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 | 2020-07-09 | [Growing US biofuel production intensifies competition for soybean oil \| Ukrainian Agrarian Confederation](https://feedsoft.ai/events/52199-growing-us-biofuel-production-intensifies-competition-for-soybean-oil-ukrainian.md) | +1.2% | +11.4% |
| SBO | 2021-09-13 | [Biofuel Refining Drives Edible Oil Prices \| Food Processing](https://feedsoft.ai/events/45150-biofuel-refining-drives-edible-oil-prices-food-processing.md) | -0.7% | +6.4% |
| WTI | 2020-05-06 | [Indonesia to discuss how to continue biodiesel program amid falling fuel prices, ETEnergyworld](https://feedsoft.ai/events/52994-indonesia-to-discuss-how-to-continue-biodiesel-program-amid-falling-fuel-prices.md) | +4.9% | +51.9% |
| WTI | 2024-10-02 | [OPEC+ Makes No Changes to Plans for Reviving Oil Production \| Financial Post](https://feedsoft.ai/events/27769-opec-makes-no-changes-to-plans-for-reviving-oil-production-financial-post.md) | +5.4% | -4.0% |
| WTI | 2020-06-01 | [HollyFrontier to convert oil refinery into renewable diesel plant](https://feedsoft.ai/events/52476-hollyfrontier-to-convert-oil-refinery-into-renewable-diesel-plant.md) | +11.2% | +8.4% |

## Sources

- carbon-pulse.com: https://carbon-pulse.com/109480/

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