# ExxonMobil and Global Clean Energy Holdings Sign Agreement for Renewable Diesel

> ExxonMobil agreed to buy 2.5 million barrels per year of renewable diesel for five years from Global Clean Energy's converted Bakersfield, California refinery, with deliveries starting in 2022. The fuel will be produced from camelina and other non-petroleum feedstocks.

- Date: 2020-08-11 · published 2020-08-11T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/51490-exxonmobil-and-global-clean-energy-holdings-sign-agreement-for-renewable-diesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The deal is a single offtake contract with a limited near-term effect on feedstock demand for feed commodities, though it supports the broader shift toward renewable diesel.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-04-13 | [Renewable Diesel Feedstock – Green Fuel and Affordable Food Part 2 \| S&P Global](https://feedsoft.ai/events/47458-renewable-diesel-feedstock-green-fuel-and-affordable-food-part-2-s-and-p-global.md) | +7.3% | +19.6% |
| SBO | 2023-07-17 | [Renewable diesel holds promising potential](https://feedsoft.ai/events/15297-renewable-diesel-holds-promising-potential.md) | +0.1% | -2.4% |
| SBO | 2021-03-03 | [Insight: Renewable diesel boom highlights challenges in clean-energy transition \| Reuters](https://feedsoft.ai/events/48000-insight-renewable-diesel-boom-highlights-challenges-in-clean-energy-transition.md) | +9.5% | +8.0% |
| SBO | 2018-03-12 | [PES Holdings, LLC, et. al. Bankruptcy Renewable Fuel Standard Settlement \| US EPA](https://feedsoft.ai/events/65898-pes-holdings-llc-et-al-bankruptcy-renewable-fuel-standard-settlement-us-epa.md) | +1.8% | +0.3% |
| SBO | 2022-03-25 | [Soybean oil demand will expand as renewable diesel emerges as ideal biofuel - Indiana Corn and Soy](https://feedsoft.ai/events/15407-soybean-oil-demand-will-expand-as-renewable-diesel-emerges-as-ideal-biofuel.md) | -2.1% | +274.5% |
| SOY | 2023-07-17 | [Renewable diesel holds promising potential](https://feedsoft.ai/events/15297-renewable-diesel-holds-promising-potential.md) | +0.4% | -6.3% |
| SOY | 2021-03-03 | [Insight: Renewable diesel boom highlights challenges in clean-energy transition \| Reuters](https://feedsoft.ai/events/48000-insight-renewable-diesel-boom-highlights-challenges-in-clean-energy-transition.md) | +1.9% | -3.3% |
| SOY | 2018-03-12 | [PES Holdings, LLC, et. al. Bankruptcy Renewable Fuel Standard Settlement \| US EPA](https://feedsoft.ai/events/65898-pes-holdings-llc-et-al-bankruptcy-renewable-fuel-standard-settlement-us-epa.md) | +2.0% | +1.7% |

## Sources

- businesswire.com: https://www.businesswire.com/news/home/20200811005575/en/ExxonMobil-and-Global-Clean-Energy-Holdings-Sign-Agreement-for-Renewable-Diesel

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