The era of renewable diesel has brought a transformation of the biofuel supply chain from primarily driven by agricultural (Bunge) and pure-play biofuel (REG, Poet) players to a supply chain that integrates traditional oil refineries (Chevron) as biofuel producer and active investors of feedstock assets, and agriculture seed and AgTech (Bayer, Syngenta) players as future innovators of the biofuel agriculture supply chain. What corporate strategies are needed to expand the production of biofuels? How the emergence of this trend impact oil refineries, biofuel producers and agricultural players including traders, farmers and input companies.
As the demand for biofuel grows, the agriculture and feedstock industries have started to gear up to meet the new demand and balance it with on-going food consumption which has and continues to be the major market for agricultural products. Balancing food and fuel have brought a wave of expansion for vegetable oil production, redirected trade flows of fats and grease, driven a new era of innovation to expand feedstock output and lowered the carbon footprint of agricultural products for food and biofuels. How are the agriculture, food and biofuel sectors balancing the appetite for multiple agricultural products?