Articles tagged under: renewable diesel
Renewable Diesel Demand Driving Soy Crush Expansion
Published October 3, 2022
The U.S. has the capacity to crush 42 million bushels of soybeans each year. With new facilities being built across the country, Rabobank Senior Grains and Oilseed Analyst Owen Wagner says crush capacity is expected to grow 10 percent. "That…Bayer Takes Majority Stake in CoverCress Incorporated
Published August 1, 2022
Bayer now has 65 percent ownership of winter oilseed producer CoverCress Incorporated. Bunge and Chevron own the remaining 35 percent ownership. CoverCress is a cash crop that combines grain production with the environmental benefits of a cover crop without displacing…A Game-Changer for Oilseed Business
Published June 29, 2022
World Perspectives Senior Analyst Mike Krueger says renewable diesel will be a game changer for the global vegetable and fats markets. "There's a huge change about to happen that I don't think the market has fully comprehended yet," explained Krueger.…Renewable Diesel vs. Biodiesel
Published March 15, 2022
The market potential is strong for renewable diesel, but that doesn't mean attention is shifting away from biodiesel. "Soybeans are used for both," said Mike Skaug, president, Minnesota Soybean Growers Association. "Soybeans will have more demand than before. Renewable fuels…Bunge and Chevron Partner for Renewable Diesel
Published February 26, 2022
Bunge North America is forming a joint venture with Chevron USA to create renewable feedstocks. Bunge has soybean processing plants in Louisiana and Illinois. There are plans to double the combined capacity of the two facilities to 7,000 tons per…Major Soybean Market Drivers are Changing
Published February 11, 2022
In the past decade, the major driver of the soybean market has been exports. Stone X Group Risk Management Consultant John Payne says that has begun to shift to a fuel market. "In the case of markets, like soybeans, we…Veg Oil Sector Shifting to Serve Renewable Diesel Demand
Published February 10, 2022
In a call with investors, Bunge CEO Gregory Heckman was asked about forecasts for U.S. renewable diesel capacity to reach five billion gallons by 2025.” I think it's going to take everything to supply that industry and the demand that…Policy Priorities
Published January 12, 2022
American Farm Bureau Federation policy now calls for a bump in the reference price for all Title I commodities in the next farm bill. That same resolution also calls for increased commodity loan rates and adjustments in the farm program…Renewable Diesel: A Market Disrupter
Published December 17, 2021
Ag Resource Company President Dan Basse believes the push toward renewable diesel will be the most disruptive factor in agriculture for the next few years. "With states like California providing tremendous subsidies and mandating 700 million gallons of usage, you…