Renewable Diesel Market Value Proposition
ORD IS A GROWTH BUSINESS
US & Canada Biomass-Based Diesel Demand (Billion Gallons)
■Biodiesel ■Renewable Diesel
Renewable Diesel
High tech catalysis
High quality product
Margin floats above traditional biodiesel
Emergent high growth segment of the
industry
Volume growth is legally mandated
2.9
2.6
2.0
1.9
1.6
1.0
0.7
0.7
1.0
Biodiesel
Low tech batch chemistry
Low quality; can only be blended in
2.1
2.1
2.2
2.2
2.2
2.3
2.3
2.4
2.0
small volumes; cannot be used in SAF
Sustained by regulatory policies
2017A
2018A
2019A
2020A
2021A
2022E
2023E
2024E
2025E
RD production growth follows Federal, State and Provincial market requirements
Source: Advanced Biofuels Canada, EIA, EPA, IEA, Navius, WAEES.
Note: Total demand assumed to increase based on domestic production growth; assumes imports are held constant at 2020 levels.
Biodiesel demand assumed to increase by 2% per annum in forecast.
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