logo
menu

Global biofuel demand to grow 20% in next five years

news item image
The International Energy Agency (IEA) released its Renewables 2022 Analysis at the end of last year.

Renewables 2022 included analysis on the renewable energy sector, including developments and trends for transportation, including increasingly ambitious energy targets in the European Union (EU), growth in ethanol consumption in Brazil, biofuel blending in India and global feedstock availability to meet the rise of sustainable aviation fuel (SAF).

“In this most recent IEA report, total global biofuel demand is estimated to increase more than 20% between 2020 and 2027, and world ethanol consumption is projected to rise in an accelerated case scenario,” said Isabelle Ausdal, USGC manager of global ethanol policy and economics.
“This reinforces the US industry’s recognition of ethanol’s importance as a tool for countries to accelerate their greenhouse gas (GHG) emission reductions and underscores the importance of scaling up technologies such as carbon capture, utilization and storage (CCUS) to reach net zero carbon intensity.”

According to IEA’s report, ethanol consumption in Europe is expected to remain steady at 2021 levels, with the most significant growth in the United Kingdom where consumption is projected to expand by more than 50% to meet its Renewable Transport Fuel Obligation (RTFO) and national E10 blending.
Recognition was also given to the UK, Finland and the Netherlands for national E10 blending and the increase in popularity of flex fuel vehicles in France.

While remaining steady in the EU, increased ethanol consumption is forecasted to occur largely in emerging economies aiming to reduce oil imports and boost local economies, while also helping to reduce GHG emissions.
IEA projects overall demand for biofuel in Brazil to expand by 40% between 2022 and 2027, with ethanol accounting for 70% of this change. This is attributed to Brazil’s ethanol mandate, discretionary blending, RenovaBio programme and increasing gasoline demand.






Bioethanol News
Jan 31, 2023
Changi Airport in Singapore has launched a tender for consultants to help develop an offtake mechanism for renewable fuels going forward. This follows a pilot test last year on the use of sustainable aviation fuel (SAF) at the international hub by the Civil Aviation Authority of Singapore (CAAS). The move follows the authority’s desire to boost Singapore’s competitiveness... [Read More]

Biodiesel News
Jan 31, 2023
To reduce our reliance on fossil fuels and work towards sustainability, the European Commission has introduced the Fit-for-55 package. This is a set of European policies implemented to help the transition of Europe to climate neutrality by 2050. These policies aim to reduce Europe’s greenhouse emissions by at least 55%, as well as strengthen European partnership and... [Read More]

Policy News
Jan 30, 2023
This year’s bp Energy Outlook explores the key trends and uncertainties surrounding the energy transition out to 2050. Among those trends in the report is the use of modern biofuels - modern solid biomass, biofuels and biomethane - which the company said was growing rapidly and was helping to decarbonise hard-to-abate sectors and processes. The three main scenarios... [Read More]

Features
Jan 30, 2023
Jeremy Moorhouse, Renewable Energy Analyst, International Energy Agency, outlines what the year ahead holds for the biofuels industry. Following Russia’s invasion of Ukraine, policymakers around the world are evaluating whether biofuels can help balance three competing priorities: energy security, greenhouse gas reductions and affordable energy supplies. Last year,... [Read More]

Biodiesel News
Jan 30, 2023
Angel Alvarez Alberdi, the secretary general of the European Waste-based and Advanced Biofuels Association (EWABA), outlines what he feels are the critical issues affecting the industry this year. This year will be yet another year of heavy regulatory activity for the EU biofuels industry, with many different key laws being passed as the year progresses. We briefly discuss... [Read More]

Biodiesel News
Jan 27, 2023
Imperial will help Canada achieve its net-zero goals by investing about $560 million (€514 million) to move forward with construction of the largest renewable diesel facility in the country. The project at Imperial’s Strathcona refinery near Edmonton is expected to produce more than 1 billion litres of renewable diesel annually primarily from locally sourced feedstocks. This... [Read More]

Biodiesel News
Jan 27, 2023
Diesel engine and equipment manufacturers Caterpillar, John Deere and Cummins joined PepsiCo and Florida Power & Light to discuss the important role that low-carbon liquid fuels like biodiesel and renewable diesel play in helping them achieve corporate sustainability goals. Joining the panel of experts at the Clean Fuels Conference in Tampa included Joel Feucht,... [Read More]

Biodiesel News
Jan 27, 2023
Topsoe has signed a global licensing agreement for a complete waste-to-fuel solution to boost sustainable aviation fuel production (SAF). The agreement with Steeper Energy, a pioneer within biomass conversion technologies, combines Topsoe’s technologies in renewable fuels and hydrogen production. With the agreement, Topsoe will be able to provide a complete waste-to-fuel... [Read More]

Bioethanol News
Jan 26, 2023
Lenovo is joining forces with Kuehne+Nagel to create a first-of-its-kind logistics service in the technology industry. Through a purchase add-on, customers will be able to buy credits to reduce the carbon footprint associated with the shipping of IT equipment and devices. They will have the opportunity to use these credits to fund the use of sustainable aviation fuel... [Read More]

Bioethanol News
Jan 26, 2023
Raven SR has signed a memorandum of understanding (MOU) to supply sustainable aviation fuel (SAF) to Japan Airlines (JAL) for major global routes. The MoU provides for an initial 50,000 tons of SAF supply in the first year, 2025, with annual incremental increases to 200,000 tons for year 10. The supply will be produced by Raven SR at facilities planned for major global... [Read More]

182 queries in 1.186 seconds.