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
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
