Renewable Diesel Feedstock Perspective
40
30
30
35
55
US BALANCES:
RFS STATUTORY SHORTFALL OF 700 MBPD
RFS: 36 billion gallons Statutory Demand in 2022
(15) billion gallons ethanol supply (capped)
( 6) billion gallons advanced biofuel supply (mostly biomass-based diesel)
=15 billion gallons ethanol-equivalent shortfall vs statute; equates to 700,000 additional RD capacity required at 85% utilization
RFS Statutory Demand
billion gallons ethanol-equivalent
Actual Supply
billion gallons ethanol-equivalent
40
-----35
■Statutory Advanced
25
■Statutory Ethanol
20
20
15
10
5
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
32505
15
10
0
2022 U.S. BALANCE
billion gallons ethanol-equivalent
Statutory Actual Statutory
Demand Supply Shortfall
Advanced biofuel
21
6
15
■Actual Advanced
Ethanol
15
15
0
Actual Ethanol
Total
36
21
15
SHORTFALL, MPBD R.D.-EQUIVALENT (1)
700
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
(1) 15 billion gallons of ethanol-equivalent requires 700 mbpd renewable diesel capacity at 85%
utilization; excludes Canada.
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