Renewable diesel production continues to gain importance globally as it is less carbon intensive, provides superior performance in cold conditions, and can be stored much longer when compared to petroleum diesel. Renewable diesel production capacity is expected to witness substantial growth during the period 2020 to 2030, potentially increasing from 2,914 million gallons per annum in 2020 to 9,407 million gallons per annum in 2030.
North America leads globally with the highest renewable production capacity of 1,767 million gallons per annum from upcoming (planned and announced) projects in 2030. Renewable standalone refineries are likely to account for about half of the region’s production capacity followed by coprocessing facilitates with 38%.
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Among countries, the US is expected to witness the highest renewable diesel production capacity of 1,088 million gallons per annum from upcoming projects by 2030. The Coffeyville Renewable and Bakersfield Renewable I refineries lead in terms of capacity additions in the country with 250 million gallons per annum and 210 million gallons per annum, respectively. Canada follows the US with an upcoming capacity of 680 million gallons per annum by 2030 from crude refinery coprocessing and standalone renewable refineries. Strathcona Renewable and Regina Renewable lead in terms of upcoming renewable diesel production capacity additions to the country with 307 million gallons per annum and 230 million gallons per annum, respectively.
China stands third with an upcoming renewable diesel production capacity of 302 million gallons per annum, with the entire capacity expected from a renewable standalone refinery – Beihai Renewable. Further details of renewable diesel production capacity outlook can be found in leading data and analytics company GlobalData’s new report, Renewable Diesel Production Capacity Analysis by Region, Refinery Type, Top Countries, Companies and Forecast to 2030.
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By GlobalData