Renewable Diesel Fuel Is on the Rise - Barron's
Renewable Diesel Fuel Is on the Rise - Barron's
Diesel Fuel Based on Plants Is Booming. Why the Producers’ Stocks Are Sagging.
Dec 06, 2023, 7:05 am EST
Don’t be surprised if the next truck that passes you by is powered by vegetable oil and animal fats. Renewable diesel fuel for trucks is suddenly on the rise on both coasts.
New York City government announced last week that all its heavy vehicles, like garbage trucks and ambulances, will be running on renewable diesel by the end of June. The fuel is similar in chemical makeup to petroleum but is based on plants, fats, animal waste, and more. It’s the greenest diesel available.
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.