Updated Estimates of the Production Capacity of U.S. Renewable Diesel Plants Through 2026

Less than two years ago, we projected renewable diesel capacity would reach 6 billion gallons in 2025. We now project capacity in 2025 to be 5.1 billion gallons. The list of announced projects is still long and could eventually add substantially to renewable diesel capacity. However, none of these projects have yet broken ground. Until there is confirmation of actual construction activity, we now believe it is prudent to exclude these announced projects in projections.