Refiners including HollyFrontier and CVR Energy are adding renewable diesel production to cut costs at older refineries and offset blending compliance costs. Only about 1.3 million barrels of renewable diesel were produced in 2019, a small share of diesel output.
Federal and state incentives, including a $1 per gallon blender's credit that expires in 2022, drive investment.
Growing renewable diesel output would pull more fats and oils into fuel production, supporting vegetable oil prices. Logistical limits may slow this demand growth.
Setelah 842 peristiwa kebijakan bullish sebelumnya, Minyak Kedelai bergerak median +0,2% selama 5 sesi (52% lebih tinggi; separuh tengah -1,6% sampai +2,1%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.