Reports related to this article:
Project(s): View 4 related projects in PECWeb
Plant(s): View 4 related plants in PECWeb
Released March 10, 2020 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. biofuel production is forecast to rise slowly over the next 30 years, reaching 110,000 barrels per day (BBL/d) by 2050, or 18% more than the amount produced in 2019, according to the U.S. Energy Information Administration's (EIA) Annual Energy Outlook 2020 report.
According to the report's reference case, biofuels consumption will be supported by a projected decline in consumption of liquid fuels by the U.S. transportation sector, rising oil prices and regulations such as the Renewable Fuel Standard (RFS).
Industrial Info is tracking more than $4.6 billion worth of biofuel projects in the U.S. that have a medium or high probability of moving forward as planned. This amount includes $1.3 billion for projects already in the construction stage.
Click on the image at right for a graph showing medium- and high-probability U.S. biofuel project activity in the U.S.
Biofuels consumption totaled 1.09 million barrels per day in 2019 and accounted for 7.3% of total motor gasoline, distillate and jet-fuel consumption, the EIA said. Fuel ethanol is the largest component of U.S. biofuels, but ethanol production is expected to slowly decrease between 2019 and 2030, and then increase toward the end of the projection period, largely mirroring motor gasoline consumption.
The projected decline in domestic ethanol-blended gasoline consumption is offset by increasing U.S. ethanol exports, the EIA said. From 2019 through 2050, domestic production of biodiesel and other biofuels is projected to increase by 30,000 BBL/d and 80,000 BBL, respectively.
Industrial Info is tracking 15 U.S. biofuels projects under construction, including:
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
According to the report's reference case, biofuels consumption will be supported by a projected decline in consumption of liquid fuels by the U.S. transportation sector, rising oil prices and regulations such as the Renewable Fuel Standard (RFS).
Industrial Info is tracking more than $4.6 billion worth of biofuel projects in the U.S. that have a medium or high probability of moving forward as planned. This amount includes $1.3 billion for projects already in the construction stage.
Biofuels consumption totaled 1.09 million barrels per day in 2019 and accounted for 7.3% of total motor gasoline, distillate and jet-fuel consumption, the EIA said. Fuel ethanol is the largest component of U.S. biofuels, but ethanol production is expected to slowly decrease between 2019 and 2030, and then increase toward the end of the projection period, largely mirroring motor gasoline consumption.
The projected decline in domestic ethanol-blended gasoline consumption is offset by increasing U.S. ethanol exports, the EIA said. From 2019 through 2050, domestic production of biodiesel and other biofuels is projected to increase by 30,000 BBL/d and 80,000 BBL, respectively.
Industrial Info is tracking 15 U.S. biofuels projects under construction, including:
- Ryze Renewables Holdings LLC's (Las Vegas, Nevada) Las Vegas biodiesel plant restart and expansion: Upon its planned completion by the end of 2020, the plant will process corn oil and non-food fatty acid methyl esters (FAME) feedstocks into 100 million gallon per year of diesel. For more information, see Industrial Info's project report.
- Fulcrum BioEnergy Incorporated's (Pleasanton, California) Sierra Biofuels municipal solid waste (MSW)-to-biocrude plant in McCarran, Nevada: Set for completion by the end of third-quarter 2020, the plant will turn 175,000 tons per year of municipal waste into 10.5 million gallons per year of biocrude that will be processed by Andeavor's Marathon Martinez refinery in California; see project report.
- Red Rock Biofuels LLC's (Fort Collins, Colorado) Lakeview Biomass-to-Liquids plant in Washington: The facility will convert 136,000 tons per year of forestry biomass to 15 million gallons per year of liquid transportation fuel. Completion is expected in the second quarter this year; see project report.
- POET LLC's fuel ethanol plant in Shelbyville, Indiana: The plant will use corn feedstock to produce 80 million gallons per year of ethanol. Completion is expected this May; see project report.
- Marathon Petroleum Corporation's (NYSE:MPC) (Findlay, Ohio) Dickinson, South Dakota, refinery distillate hydroprocessor unit addition: The addition is part of the Dickinson Refinery Renewable Diesel Project, which will convert the 20,000-BBL/d refinery to a 12,000-BBL/d vegetable-oil-to-renewable diesel processing plant; see project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
