US losing oil refining capacity; renewable diesel to help close gap

The U.S. refining sector, faced with decreased demand for its product, is starting to shrink via the closure of several refineries — actions that had been infrequent in recent years.

The good news for consumers of diesel fuel, however, is that some of the lost capacity will be replaced by continued investments in the production of renewable diesel, a one-for-one substitute for conventional diesel that has the backing of a variety of tax incentives.

The question facing the trucking and transport...

https://s29755.pcdn.co/news/us-losing-oil-refining-capacity-renewable-diesel-to-help-close-gap

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