U.S. BIOFUELS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

U.S. Biofuels Market, By Type (Ethanol, Biodiesel, Biogas, Green Diesel, Others), By Feedstock (Corn, Soybean, Vegetable Oils, Animal Fats, Agricultural Residues, Food Wastes, Others), By Application (Transportation, Power Generation, Heating, Others), By End-use Industry (Agriculture, Commercial, Residential, Others)

U.S. Biofuels Market- Recent Developments

New Product Launches

In September 2022, POET announced the launch of its 70 million gallons-per-year biofuels plant Project Liberty in Emmetsburg, Iowa. The plant specializes in converting corn crop residue into cellulosic ethanol.
In June 2021, REG Danville, a biorefinery owned by Renewable Energy Group, began producing renewable diesel in addition to biodiesel. The plant has capacity to produce 170 million gallons annually.
In October 2020, Marathon Petroleum’s subsidiary, Marathon Renewables LLC, acquired Pacific Ethanol’s corn ethanol plants. This added 1,100 million gallons per year capacity to Marathon’s biofuels production.

Acquisition and Partnerships

In February 2022, Darling Ingredients acquired Valley Proteins, a leading U.S. renderer, for US$ 1.1 billion. This expanded Darling's ingredients portfolio and biofuels production capabilities.
In August 2021, Renewable Energy Group acquired Amber Resources, a producer and marketer of low carbon fuels. This expanded REG's biorefining manufacturing capacity and distribution infrastructure.
In April 2021, Cargill invested approximately US$ 29 million to double the production capacity of its LaBelle, Florida, biodiesel plant to 150 million gallons per year. This increased Cargill's overall U.S. biodiesel capacity.