US production capacity for renewable diesel could increase significantly through 2024, based on announced projects and those that are under construction, according to the US Energy Information Administration (EIA). Growing targets for state and federal renewable fuel programs and incentives for renewable diesel production are driving this expansion. As of the end of 2020, we estimate US production capacity for renewable diesel totaled nearly 0.6 billion gallons per year (gal/y), or 38,000 barrels per day (b/d); EIA, forecasts it to reach 5.1 billion gal/y (330,000 b/d) by 2024. Renewable diesel shares the same fat, oil, and grease feedstocks as biodiesel. However, because renewable diesel is chemically the same as petroleum diesel, it can be blended into petroleum diesel at any level, unlike biodiesel, which can be blended at rates of between 2% and 20% of diesel fuel by volume. Because of these advantages over biodiesel, as well as increasing […]