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U.S. Renewable Diesel Sees Brighter Outlook through 2050

U.S. Renewable Diesel Sees Brighter Outlook through 2050

alternative_fuels

Industry Segment: Alternative Fuel | Word Count: 748 Words
Attachment: US-RenewDiesel-0322-EIA, US-RenewDiesel-0322

SUGAR LAND--March 25, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable diesel is picking up momentum as an alternative fuel source. The U.S. Energy Information Administration (EIA) predicts the U.S. renewable-diesel supply (from both domestic production and net imports) will grow to 130,000 barrels per day (BBL/d) in 2022 and 145,000 BBL/d in 2050. Industrial Info is tracking about $14.8 billion worth of active renewable diesel projects in the U.S., more than $4.4 billion of which already are under construction.

Within this article: Details on some of the highest-valued renewable diesel projects across the U.S., including those from key companies such as Velocys plc, Valero Energy Corporation (NYSE:VLO), Renewable Energy Group Incorporated and Chevron Corporation (NYSE:CVX).

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