U.S. Poised to Dominate Global Biofuel Market by 2035

The biofuels industry in the US is booming, and a fresh surge in production is just around the corner thanks to increased demand for renewable diesel and sustainable aviation fuels (SAFs) in the coming years. Rystad Energy research predicts biofuel production in the US will increase by about 53% by the middle of next decade, jumping from 850,000 barrels of oil equivalent per day (boepd) in 2023 to about 1.3 million boepd in 2035. Domestic output is expected to surpass 1 million boepd as early as 2026. As governments and industry strive to decarbonize…