Increased biodiesel production and demand is benefiting US soybean growers.
Greg Anderson, a board member for National Biodiesel Board, says the growth is increasing demand for soybean oil, the primary feedstock for biodiesel.
“We grow billions of bushels of soybeans which result in billions of pounds of soybean oil and just last year we used over 8 billion pounds of soybean oil in the production of biodiesel and we’ve seen over the last 10 years that biodiesel demand for soybean oil has increased some 300 percent,” he says.
