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%.
Among countries, the US is expected to witness the highest renewable diesel production capacity of 1,088 million gallons per annum from upcoming…
