Global renewable refinery production capacity is expected to more than double during 2023–2027, potentially increasing from 7,812 million gallons per year (mmgy) in 2023 to 24,407 mmgy in 2027.

North America’s renewable refinery production capacity is expected to reach 13,142 mmgy in 2027, the highest among all regions globally. Europe and Asia follow with 3,882 mmgy and 3,522 mmgy, respectively.

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Among countries, the US leads globally with the highest renewable production capacity of 8,987 mmgy by 2027. Of this, 6,237 mmgy capacity is likely to come from new build projects and the rest of the capacity is from the expansion of existing projects. Panama follows the US with an estimated capacity addition of 1,733 mmgy by 2027 through a standalone Ciudad Dorada Renewable refinery. It will be operated by SGP BioEnergy Holdings LLC and is expected to start operations by 2025.

New Build and Expansion Renewable Refinery Production Capacity by Key Countries, 2027 (mmgy)

Source: Downstream Analytics & Projects Database, GlobalData Oil and Gas, Renewable Refineries Capacity And Capital Expenditure (CapEx) Forecast By Region, Companies And Projects, 2023-2027.

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Canada is expected to witness the third-highest renewable refinery capacity additions of 1,347 mmgy by 2027, of which 1,216 mmgy of capacity would be from new-build refineries while the rest of the capacity would be from expansion projects that are expected to start operations by 2027.

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Globally, approximately 59% of the upcoming renewable refinery projects are in the feasibility stage, followed by the construction stage at 23%. Further details of the renewable refinery production capacity outlook can be found in GlobalData’s new report, ‘Renewable Refineries Capacity And Capital Expenditure (CapEx) Forecast By Region, Companies And Projects, 2023-2027’.