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
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends