ExxonMobil’s Beaumont refinery
Refining Report: American refiners target biofuels
Biofuels are leading the way in the US as the region looks to the future with renewable fuels
The US saw its first increase in domestic refining capacity in two years in 2023, with capacity now amounting to more than 18.5m b/d. Most refining projects in the region are focused on increasing biofuel/renewable fuel processing capacity (including renewable diesel and sustainable aviation fuel: SAF), while others focus on processing more domestically produced crude oil from US shale plays. Due to state and federal renewable fuel programmes and biomass-based diesel tax credits, many plant owners (e.g., Phillips 66, Marathon Petroleum, PBF Energy or Shell, Strategic Biofuels) are investing in increasing renewable diesel capacity in the US. The country’s renewable diesel capacity is forecast
Also in this section
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
