Bunge expects expansion in US soy-based renewable diesel capacity

Global agribusiness major Bunge expects an expansion in soybean-based renewable diesel capacity in the US, which is likely to support soybean oil demand, it said in its fourth-quarter earnings call. “We’ll see the US transform from being an exporter to an importer of vegetable oils [in the coming years],” CEO Gregory Heckman said on the Feb. 9 results call. “You’ll…