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by Dave Collings (1898 & Co./Burns & McDonnell) For organizations looking to develop, construct and commission a new renewable diesel plant, it’s important to understand the various market conditions at play to avoid poorly made investments and the pitfalls of lost future opportunities.
Since 2018, the Environmental Protection Agency’s (EPA) continued increase of renewable volume obligations (RVOs) and California’s Low Carbon Fuel Standard (LCFS) has spurred rapid growth in renewable diesel interest. Within a period of only two years, a product that has been largely ignored by the oil industry is now being considered in the long-term plans of large and small refiners for coprocessing or new facilities.