# Biodiesel producers set aggressive six-billion-gallon production goal by 2030 | 2020-01-21  | Agri-Pulse Communications, Inc.

> The National Biodiesel Board set a goal of producing six billion gallons of biodiesel and renewable diesel by 2030 and 15 billion by 2050. NBB CEO Donnell Rehagen said about 90% of growth to six billion must come from soybean oil-based biodiesel.

- Date: 2020-01-22 · published 2020-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54954-biodiesel-producers-set-aggressive-six-billion-gallon-production-goal-by-2030
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A long-term industry growth target signals sustained soybean oil demand from biofuels, supportive for soybean oil prices over time.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/13073-biodiesel-producers-set-aggressive-six-billion-gallon-production-goal-by-2030

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