North America Renewable diesel market Size, Share, Growth, Anal

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  The North America Renewable diesel market size is projected to grow from USD 12.9 Billion in 2022 to USD 49.1 Billion by 2044, at a CAGR of 7.1% during the forecast year.

  Renewable diesel is a transportation fuel which is derived from biomass like fats, oils, and grease. It has a similar chemical composition to petroleum diesel. It can be used as a drop-in fuel for existing engines. It also meets the D975 fuel quality standards. Different feedstocks can be used in its production, such as waste oils which include tallow, fish oil, used cooking oil, and vegetable oils, which include canola oil, soyabean oil, and sunflower oil. Renewable diesel can be used as drop-in fuel or can also be blended with petroleum and biodiesel as well.

  The global North America Renewable diesel market report is a specialised and in-depth study of the RENEWABLE DIESEL industry focusing on the global market trend analysis. The report aims to provide an overview of the RENEWABLE DIESEL market with detailed market segmentation by product type, form, and distribution channel. The global RENEWABLE DIESEL market is expected to grow highly during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

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  Key Market Players

  ➡️Neste Oyj (Finland)

  ➡️Chevron Group (Renewable Energy Group)(US)

  ➡️PBF Energy Inc. (US)

  ➡️Valero Energy Corporation (US)

  ➡️Gevo Inc (US)

  ➡️Phillips 66 (US)

  ➡️Marathon Petroleum Corporation (US)

  ➡️Aemetis Inc. (US)

  Renewable diesel Market Report is also available for any Specific Regions & Countries:

  The Renewable diesel Market is studied for North America region. North America is the largest Renewable diesel market globally, with the US being the dominant market in the region, with a share of 99%, in terms of volume, in 2021. Growth during the forecasted period is expected to be driven by the growing concerns related to fossil fuel depletion, as well as the necessity to include renewable energy sources in the energy mix for long-term growth. The growth is led by increasing demand for Renewable diesel from various industries, including fleet operators, aviation, and transportation.

  North America (US, Canada)

  Europe (Germany, France, UK, Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe)

  Asia-Pacific (South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC)

  Latin America (Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America)

  Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA)

  Other companies have initiated the following developments:

  • In November 2022, Neste acquired the used cooking oil collection and aggregation business from Crimson Renewable Energy to strengthen its renewable raw material sourcing platform.
  • In November 2022, Shell acquired Asia-based Waste Oil Recycler to boost biofuel output.
  • In March 2022, Neste established a joint venture to produce renewable fuels with Marathon Petroleum.
  • In October 2021, Neste and Hesburger launched a significant circularity collaboration – used cooking oil collected from more than 300 restaurants to produce Renewable diesel.
  • In April 2020, Gevo and Farmers Edge partnered to verify sustainable fuels from low-carbon grain through verity tracking. This collaboration was expected to support the sustainable development & full carbon lifecycle tracking of carbon intensity (CI) score from low carbon grain through renewable fuel production.
  • In May 2022, Phillips 66 made its final investment decision to convert the San Francisco Refinery to a renewable fuel facility.

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