Renewable refinery capacity to triple by 2030 as alternative fuels demand grows, says GlobalData
In the UK, GlobalData reported that the global renewable refinery production capacity is forecast to increase from 11,716 million gallons per year (mmgy) in 2025 to 35,358.9 mmgy by 2030.
GlobalData’s Strategic Intelligence report, “Alternative Fuels in Energy Transition,” defines alternative fuels as transport fuels that do not originate from crude oil. The report focuses on biofuels, including renewable fuels like renewable diesel, sustainable aviation fuel (SAF), low-carbon hydrogen, ammonia, methanol, and e-fuels, which can reduce lifecycle emissions across road, aviation, and marine transport.
Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “The transportation sector remains especially important for oil and gas companies because it accounted for 46% of global petroleum product demand in 2025, rising to 55% when international bunkers are included. As road vehicles, aircraft, and vessels cannot all transition away from liquid and gaseous fuels at the same pace, alternative fuels provide a practical route to lower emissions while maintaining fuel reliability, range, and operational flexibility.”
The growth in global renewable refinery production capacity is expected to be driven by both active capacity additions and a growing pipeline of upcoming projects, according to the research firm.
Category: Fuels
