California’s proposal to cap SBO, canola oil at 20% of feedstock mix likely to impact RD, biodiesel: sources

Fastmarkets sources say CARB's 15-Day Changes cap virgin soybean and canola oil credits at 20% of annual credit production and raise the 2025 stringency step-down to 9%. Renewable diesel consumes more soybean oil than biodiesel under the LCFS, so the proposal is seen as net positive for biofuel demand but negative for soybean and canola oil feedstocks.