UNITED STATES EDIBLE OILS SECTOR FACES MAJOR SHAKE-UP THROUGH RENEWABLE DIESEL
September 2nd, 2021
An anticipated surge in supply and demand for renewable diesel, fuel that is chemically identical to its fossil fuel predecessor, is likely to cause major disruption to the American vegetable oil market and industry, notably soy.
With the US government and certain states regarding renewable diesel as a swift way to further reduce carbon emissions and meet Paris agreement climate change targets, the prospects for major additional purchases of soybeans within the American domestic market are very real.
A note from the EU Energy Information Administration ...
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