Renewable Diesel Production in Response to Carbon Emissions Reduction
In the quest to mitigate carbon emissions, governments worldwide, especially in the US and Europe, are implementing policies and offering financial incentives to promote the use of renewable fuels. This shift has led to a growing demand for renewable diesel produced through the hydrotreating of animal fats and vegetable oils. The emergence of renewable diesel as a viable alternative to fossil diesel is evident in the over 20 projects in various developmental stages in the US alone.
Compliance and Renewable Volume Obligation (RVO)
Refining companies are mandated to meet their Renewable Volume Obligation (RVO) as stipulated by various US Federal and State policies. Failure to produce renewable fuels requires them to purchase renewable fuel credits from manufacturers. The current prices of these credits are at a historical high and are projected to remain elevated due to ambitious targets for replacing fossil fuels with renewables. The purchase of these credits can significantly impact a refiner’s margin.
Enhancing Refinery Operations with KBC Petro-SIM
The webinar offers insights on leveraging a renewable diesel model integrated into KBC Petro-SIM to assess the consequences of processing different bio feedstocks in the refinery, whether via co-processing or dedicated methods. By utilizing this simulation tool, refining companies can optimize their operations, maximize efficiency, and align with renewable fuel requirements to enhance profitability and sustainability.