Key Market Drivers, Feedstock Impacts, Challenges and Outlook

Over the last eighteen months, renewable diesel has become a common topic of discussion across the agri-food value chain. By the end of 2022, the U.S. had 2.6 billion gallons of functioning renewable diesel production capacity. Based on current investment commitments, that figure is expected to grow to 4 billion gallons by the end of 2023 and 5.4 billion gallons by the end of 2024.

April 2023 Renewable Diesel Market Outlook

Energy companies and grain processors are investing heavily in renewable diesel, while policymakers are driving public-sector commitments to meet environmental standards through its use. Because it is considered a "drop-in" fuel, requiring no modifications for usage or distribution, renewable diesel offers multiple benefits compared to biodiesel. However, there are constraints that need to be explored, such as feedstock availability, byproducts, policy inconsistencies and cost.

The market landscape is evolving quickly and stakeholders are working to identify how best to position themselves to capture value. A clear view of how the future is likely to evolve will help leaders make those decisions. 

In the April 2023 Renewable Diesel Market Outlook report, Aimpoint Research analysts identify and examine four key market drivers, feedstock considerations, and provide short- and long-term predictions. The report also proposes opportunities further research and analysis to gain an even broader view of the future of renewable diesel.

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Note: The Renewable Diesel Market Outlook may not be reproduced or republished in any manner without written permission from Aimpoint Research.