The renewable diesel market has been gaining on biodiesel for a while, and now has surpassed it in production capability for the first time. The trend is expected to continue at least into the near future.
With several renewable diesel projects announced recently, production capacity could more than double by the close of 2025, forecasts the U.S. Energy Information Administration (EIA), a Department of Energy agency. The anticipated increase would extend an ongoing streak; capacity has spiked 225 percent over the past two-plus years. Alongside this pattern, biodiesel production will likely decline for the duration of 2023 through 2024, believe industry forecasts.
