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Lee Nichols,
Vice-president, content,
Gulf Energy Information
31 October 2023
Follow @PetroleumEcon
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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
Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
Brazil looks to solve its energy security travails
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
India ready for turbulent times
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector

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