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October WASDE maintains outlook for 2024-’25 soybean oil use in biofuel production

October 11, 2024

BY Erin Voegele

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DOE announces $52 million in projects to advance production of purpose-gown energy crops

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By U.S. Department of Energy

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The U.S. DOE has announced $52 million in funding for six university and industry projects to advance the production of low carbon intensity, purpose-grown energy crops critical to accelerating a clean energy bioeconomy.

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CoBank predicts that U.S. production of renewable diesel and associated fuels will experience a modest boost in 2025 but cautions that policy uncertainty looms over administration of the RFS program, SREs and the impact of potential tariffs.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 10. The estimate for 2023-’24 soybean use in biofuel was revised down.

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The USDA on Dec. 6 delivered an interim final rule setting technical guidelines for climate-smart agriculture crops used as biofuel feedstocks to the White House OMB. OMB review marks a final step before a rule is promulgated.

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New deep-dive videos about the U.S. Department of Energy Bioenergy Technologies Office's 2023 Billion-Ton Report (BT23) are now available to help users access and apply the report findings and associated online data resources.

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