# Existing feedstocks critical for doubling biodiesel use by 2030 | 2020-01-27  | Agri-Pulse Communications, Inc.

> The National Biodiesel Board has set a goal of six billion gallons of biomass-based diesel within a decade, versus current output of 2.5 to 3 billion gallons. Industry officials say reaching it depends on existing and new feedstocks plus consistent federal tax credit and mandate support.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/55174-existing-feedstocks-critical-for-doubling-biodiesel-use-by-2030-2020-01-27-agri
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Long-run growth targets for biodiesel would support future soybean oil and other feedstock demand, but the outcome depends on policy continuity and is not an immediate price driver.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-05-03 | [Biodiesel industry in full-court press for industry growth \| 2017-05-02 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70871-biodiesel-industry-in-full-court-press-for-industry-growth-2017-05-02-agri.md) | +0.9% | -3.1% |
| SBO | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | -1.4% | -5.2% |
| 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 | 2023-10-04 | [California is on track to eliminate ‘dirty diesel’ by 2030—thanks to Midwest soybean farmers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15273-california-is-on-track-to-eliminate-dirty-diesel-by-2030-thanks-to-midwest.md) | -7.7% | -8.5% |
| 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% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/13091-existing-feedstocks-critical-for-doubling-biodiesel-use-by-2030

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