GLOBAL RENEWABLE DIESEL AND JET PRODUCTION TO INCREASE 4 FOLD BY 2025, ACCORDING TO A NEW STUDY FROM EMERGING MARKETS ONLINE
"This rapid expansion of renewable diesel fuels is being driven by strong demand signals for low carbon fuels from California and the pacific coast states of the U.S., Canada, the E.U. and forthcoming biojet regulations in the 2020s, " said Thurmond, author of the Renewable Diesel 2030 study.
The Renewable Diesel 2030 study notes the average size of a current renewable diesel biorefinery is currently 116 million gallons/year. New plants and plants under construction are being built at more than twice the current size, at 263 million gallons/year on average, per plant. The largest renewable diesel biorefineries planned for construction to be built by 2022 are REG/Phillips 66 in Washington State at 600 million gallons per year, along with NEXT Renewable Fuels in Oregon at 600 million g/y, and BS Bios in Paraguay at 600 million g/y, followed by Philips 66/Ryze Renewables with two 462 million gallon/yr plants each in Reno and Las Vegas, Nevada.
Most of these plants are being constructed to serve the states in the U.S. Pacific Northwest and Canada and their new LCFS (Low Carbon Fuel Standard) plans. California alone represents 4 billion gallons of renewable diesel demand by 2030 under the LCFS standard.
"The market-pull from these west coast states, based on demand for low-carbon fuels, is prompting a multi-billion dollar trend in the buildout of new renewable diesel and jet biorefineries," says Thurmond, author of Renewable Diesel 2030. "In addition, this demand is prompting veteran renewable diesel producers Neste in Singapore and Diamond Green Diesel in Louisiana each to re-invest approximately $1 billion in their respective refineries to double their capacities and serve these key emerging markets for renewable diesel fuels and sustainable jet fuels," said Thurmond, President of Emerging Markets Online and Renewable Diesel 2030 author.
Looking down the road, it is clear the use of additional feedstocks from oil waste, agricultural residues, municipal solid waste and dedicated energy crops will be key to the commercialization of renewable diesel and jet fuels from the 2020-2030 time frame.
The Renewable Diesel 2030 study examines four key investment, technology and demand trends: a remarkable increase of refinery co-processing of biocrude from agricultural residues at several petroleum refineries; emerging demand for lower-carbon feedstocks entering the bio-based diesel and biojet pools (including brassica carinata, tall oil, forestry residues); and increasing participation by strategic investors from OEMs, agricultural growers, petroleum companies, non-governmental agencies, fleet owners, airport and commercial airline enterprises in renewable diesel biorefineries.
Renewable Diesel 2030 is designed to help financiers, producers, developers, distributors, consultants and analysts with a fact-filled market guide detailing medium and long-term trends and developments in the renewable diesel sector.
For more information on the Renewable Diesel 2030 study, contact Emerging Markets Online in Houston, TX at email@example.com, or visit www.emerging-markets.com
Emerging Markets Online is market research publishing and management consulting firm specializing in low carbon fuel initiatives, advanced biofuels development, feedstock sourcing, and strategic partnerships. Emerging Markets Online helps financiers, producers, developers, distributors, consultants and analysts with detailed market intelligence, data and analysis on emerging market trends, long-term forecasts and scenarios, and case studies of existing and emerging low-carbon renewable fuels producers, investors, and strategic partners.
Contact: William Thurmond
Author, Renewable Diesel 2030
Emerging Markets Online
5400 Memorial Drive Suite 307
Houston, TX 77007
T: +1 713 429 4905
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