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Reduced use of Soyoil trend continues in US Biodiesel/Renewable diesel

EIA published on Mar29 their latest data for Jan 2024 which seems consistent with feedstock use trend throughout 2023 towards lower carbon intensity feedstocks. More tallow,Canola Oil and Yellow Grease. Soybean oil use is only up 40 million lbs from last January 2023 while operable capacity of Renewable diesel is up 23% from last January. Operable capacity of combined Biodiesel and Renewable diesel remains at 5.93 Billion Gallons with only a slight increase in conventional biodiesel from last Jan 2023.

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