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In 2023, the value of U.S. tall oil exports to Finland and Sweden rose to nearly a quarter of a billion dollars. This is mainly due to a surge of the price of tall oil as the demand as feedstock for the production of advanced biofuels is increasing while the availability is limited.
On June 14, 2018, an agreement on the successor to the Renewable Energy Directive (RED) was reached for 2021-2030.