The U.S. Energy Information Administration reported in its latest Monthly Biofuels Update that during the month of March, 322 million pounds of canola oil was used in the biofuels industry for biodiesel and renewable diesel production. This shattered the growth trajectory of all other sources of biofuel feedstock and indicates that biofuel demand may use up even more of the canola oil supply than previously forecast. The USDA has consistently increased its estimates of canola oil use in the U.S. this year for both food and fuel purposes. It is the fuel purposes category that is growing beyond expectations.
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Canola oil use for biofuels increases beyond forecasts
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