Soybeans key to energy transition, advancing food security
The vice president of market intelligence for the United Soybean Board says the rising demand for biodiesel has helped increase the value of soybean oil.
Mac Marshall tells Brownfield biodiesel is one of the most-used renewable fuels on the market and it’s creating new opportunities for soybean growers.
“Because when you crush it, you get oil AND meal,” he said. “We’re also producing a lot more meal that will go into animal agriculture. That’s solving twin challenges at the same time: energy transition and that’s also playing a role in advancing food security.”
He says the Soy Checkoff helps fund research that finds new uses for soybeans in the energy sector.
“The environment that we’re in now, and with soy and other feedstocks’ role in advancing the bio economy for renewable diesel, this helps set the groundwork for future stages of innovation.”
Marshall spoke to Brownfield at the 2024 Clean Fuels Conference in Fort Worth, Texas.