A refinery in British Columbia
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
At 18.4m b/d, the US has the second-largest refining capacity in the world. Two primary refining trends—related to capex—are ongoing in the region: increased capacity builds for renewable diesel and increased capacity builds for biofuel production, primarily sustainable aviation fuel (SAF). US production of SAF increased from 2,000b/d to nearly 30,000b/d in 2024. Several additional SAF projects are under development. These projects are the result of the US Environmental Protection Agency’s Renewable Fuel Standard, and federal and state tax credits and incentives. The US Inflation Reduction Act (IRA), passed in 2022, calls for US SAF production to reach 3b gal/yr by 2030 and up to 35b gal/yr
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
