Last year's record-breaking biodiesel-production total means record-breaking industrial demand for U.S. soybean oil and bigger profits for U.S. soybean farmers.
According to the U.S. Energy Information Administration (EIA), the U.S. biodiesel industry produced 1.36 billion gallons of biodiesel in 2013, 37 percent more than in 2012. The EIA says that production required the use of at least 5.5 billion pounds of U.S. soybean oil.
That volume is the oil from more than 468 million bushels of U.S. soybeans.
kticradio.com»
According to the U.S. Energy Information Administration (EIA), the U.S. biodiesel industry produced 1.36 billion gallons of biodiesel in 2013, 37 percent more than in 2012. The EIA says that production required the use of at least 5.5 billion pounds of U.S. soybean oil.
That volume is the oil from more than 468 million bushels of U.S. soybeans.
kticradio.com»