Free Industrial News

Biofuels Feeder Crops May Feel Brunt of High Fertilizer Prices

Biofuels Feeder Crops May Feel Brunt of High Fertilizer Prices

alternative_fuels

Industry Segment: Alternative Fuel | Word Count: 881 Words
Attachment: A

May 31, 2022--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--The number of refineries being updated to accommodate more green-spectrum diesel--the umbrella term covering both biodiesel and renewable diesel--is growing. This means the need for biofuel feedstocks such as soybeans will increase greatly by 2030, according to market experts, requiring farmers to greatly boost production in the years leading up to 2030. However, market forces and land availability issues are pushing back on those requirements--and since the fall of 2021, a new issue has cropped up.

Currently there are 55 renewable and biodiesel units under development in the U.S. in addition to the 79 operational units, according to Industrial Info's Business Intelligence Platform. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuels Plant Database can click here for a list of detailed plant profiles.

Subscribe Now!(All Fields Required)

Standard Membership - Free