Production of clean fuels is expected to increase in 2024
The increased interest and production of renewable diesel has led to many discussions over the impact on feedstock markets.
Researchers at the University of Illinois took a look back over a decade to chart its use. They found FAME Biodiesel feedstock usage nearly doubled between 2011 and 2018. After the peak, feedstock use began to fall. Soybean oil was the most used every year, averaging more than 50 percent. Corn oil came in second with around 11 percent. The report also highlights the growth in renewable diesel production capacity. In the last two years, the U.S. has seen a 225 percent expansion.
That increase is due to growing demand. Just recently, New York City officials announced more than 12,000 heavy-duty vehicles in the city will operate on renewable diesel by the end of next year. The Clean Fuels Alliance says the U.S. used more than 3 billion gallons of biodiesel last year and is eyeing 4 billion gallons soon. There is a goal to reach 6 billion gallons by 2030, and it is expected to be met ahead of schedule.