Global Demand for Biofuels Continues to Increase
by Cindy Zimmerman (Energy.AgWired.com) The 2017 Renewables outlook from the International Energy Agency (IEA) is once again projecting continued increased demand for conventional biofuels.
The report notes that while sales of electric vehicles are increasing, “the share of EVs remains limited, and biofuels are still expected to represent over 90% of total renewable energy consumption in road transport by 2022. Biofuels production is expected to grow by over 16% during over the forecast period.”
Asia and Brazil are expected to lead in the growth of biofuels over the next five years, according to the report, with modest growth expected in the European Union. In the United States, ethanol and biodiesel production also forecast to expand as a result of “supportive policy frameworks”. Advanced biofuels (such as cellulosic ethanol) production is expected to almost quadruple from a low base, which is still just over 1% of total biofuels production. READ MORE
GRFA: IEA report highlights continued demand growth for biofuels (Ethanol Producer Magazine)