Biofuel industry in the U.S. - statistics & facts
Biofuels are motor fuels used as an alternative to petroleum-based products or as a fuel additive. The United States is the leading biofuel producing country in the world, ahead of Brazil and Indonesia, and U.S. biofuel consumption is forecast to reach 71 billion liters by 2030.
Chevron’s Renewable Energy Group is the largest U.S. biodiesel producer. The Iowa-based company has a production capacity of 432 million gallons per year and operates plants in the U.S. and in Europe.
Largest producing U.S. states and companies
Biofuels are a biomass-derived type of alternative motor fuel. They may be used unblended for engines operating on pure biofuels or combined with refined petroleum for usage in regular engines. Different types include biodiesel, bioethanol, and biogas. Crops such as corn, wheat, and soy are among the most common feedstocks used to create these fuels in the United States. Many refineries are located in the Midwest. Iowa houses both the largest U.S. production capacity of ethanol plants and biodiesel plants. The state’s annual biodiesel production amounts to over eight million barrels, the most of any U.S. state.Chevron’s Renewable Energy Group is the largest U.S. biodiesel producer. The Iowa-based company has a production capacity of 432 million gallons per year and operates plants in the U.S. and in Europe.
