Commodities Buzz: Pace of capacity additions for US biofuel production slows says EIA

The Energy Information Administration or EIA has stated that pace of capacity additions for U.S. biofuel production slowed in 2024, with production capacity increasing by a modest 3% from the start of 2024 to the start of 2025. A deceleration in production capacity in category renewable diesel and other biofuels accounted for most of the slowdown in growth. Sustainable aviation fuel (SAF), renewable naphtha, and renewable propane make up virtually all of the other biofuels. EIA noted that renewable diesel and other biofuels production capacity increased just 391 million gallons per year (gal/y) in 2024, less than one-third of the growth observed in 2022 and 2023. In 2024, only two capacity additions came online, both in California: Phillips 66?s conversion of its Rodeo refinery to exclusively produce biofuels and the new Renewable Fuels LLC plant in Bakersfield.

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