Soybean oil used to produce biofuels in the U.S. declined to 1.097 billion lbs. in December, down from 1.192 billion lbs. the previous month, according to the Energy Information Administration. Usage declined 3.9% from December 2023. Biofuel usage included 697 million lbs. by biodiesel plants and 400 million lbs. by renewable diesel facilities. Usage for biodiesel plants dropped 25 million lbs. while renewable diesel plants used 67 million lbs. less soyoil than during November.
For 2024, soyoil use for biofuels totaled 13.237 billion lbs., up 194 million lbs. (1.5%) from the previous year. Usage by biodiesel plants totaled 7.376 billion lbs., up 46 million lbs. (0.6%). Renewable diesel plants used 5.861 billion lbs. of soyoil, up 149 million lbs. (2.6%).
