Growing potential

Asia’s development potential as a biofuels production resource continues to grow, driven by ambitious energy transition objectives and equally bold net zero targets.
While hugely diverse and progressive, however, the region could never be termed a risk-free, or even low-risk, investment environment.
There is, nevertheless, much to recommend it as a focus for advancing renewable fuels achievement.
The latest Association of Southeast Asian Nations (ASEAN) Energy Outlook, for example, which deals with progress and prospects from 2023 to 2050, features an extensive listing of energy and related policies for the body’s 10 member countries.
This includes an impressive range of ambitions from securing country-specific net-zero targets by 2040, 2050, or 2065, depending on national policies, to raising renewable energy usage by 50% and beyond, in some cases, by 2050.
While most of the 10 ASEAN members see a sharply rising role for EVs within their national transport fleets, there is still plenty of evidence of positive intent towards the promotion of biofuels.
Indonesia, for instance, is pursuing ever more ambitious biodiesel and...