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Heating Oil Big Market for Soy Biodiesel

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Heating Oil Big Market for Soy Biodiesel

 

Right now most people are focused on their  air conditioning; but, come January, homeowners will want to have plenty of heating oil around to keep them warm. Greg Anderson with the National Biodiesel Board says more of the  heating oil used in East Coast states will come from Soy Biodiesel beginning next July. In Rhode Island, for example, 2% of the home heating oil must come from renewable sources — in other words soy biodiesel, “This starts in 2014 and will increase 1% each year until they reach 5% in 2017.”  He adds this is good news for soybean farmers across the nation as more and more of the nation’s home heating oil supply comes from renewable soy biodiesel.

 

Anderson says Rhode Island is just the latest East Coast state to adopt a mandate for soy biodiesel, “The powers that be in these states are seeing the benefits of renewable energy and discovering that soy biodiesel is a reliable and tested product that is ready to go to work.”  He said the home heating oil market in these states is very large, about 7 Billion gallons annually.  New York City was one of the first communities to mandate the use of soybiodiesl.  New York uses about 1 billion gallons of heating oil each year. Much of that will come from Indiana soybeans since Indiana has one of the largest soy biodiesel processing plants in the world in Claypool.