Willers says biodiesel blending facilities are critical to expanding the biodiesel market. And the renewable fuel has added value to soybean oil and in turn soybeans.
Jason Harms, Vice President of Harms Oil says building the biodiesel blending facility in Sioux Falls will help fill a void and provide a convenience to truckers. And Harms says the terminal will also accommodate year round blending of biodiesel.
South Dakota farmer Bob Metz serves on the National Biodiesel Board. He says the ability to blend biodiesel will lead to growth in the biodiesel industry, especially in states like South Dakota where there is no mandate. And Metz says the new biodiesel blending facility will benefit both farmers and consumers. Soybean oil is the feedstock for biodiesel, but prior to the renewable fuel Metz says the U.S. had as much as a 3 billion pound surplus. He says that drew down soybean prices.
