The Biofuel Boom Needs Greater Oversight

Aviation Fuel (Sustainable Aviation Fuel (SAF)), Business News/Analysis, Marketing/Market Forces and Sales, Opinions, Policy

November 10, 2022

Print This Article Share it With Friends

by Felicity Bradstock (Oilprice.com) – Biofuel has incredible potential to reduce the world’s reliance on fossil fuels. – Biofuels offer the potential for net-zero carbon emissions across several highly polluting industries, such as aviation and shipping. – Governments must establish standards across the growing industry

There is great optimism around the future of biofuels, which may offer a low-carbon alternative to several widely used fossil fuels if given the necessary government support to help develop an international biofuels industry within the coming years.

…

The U.S. produced 17.5 billion gallons of biofuels last year and consumed 16.8 billion gallons, with ethanol being the most common. The three most-used biofuels in the U.S. are ethanol, biodiesel, and renewable diesel, with several others also gaining in prominence inducing renewable heating oil, renewable jet fuel, renewable naphtha, renewable gasoline, and other emerging biofuels.

…

However, to establish a resilient biofuels market, governments must work together to establish a framework of common standards for the biofuels industry that encourage environmental protection and a positive social impact, creating clear certification schemes and regulatory bodies to manage the sector effectively.

…

There is great optimism around the future of biofuels, offering the potential for net-zero carbon emissions across several highly polluting industries, such as aviation and shipping. However, to encourage the development of an international biofuels market, governments must establish standards across the industry, supported by national policies and regulatory bodies that can certify different biofuels for use across a variety of industries. READ MORE

Comments are closed.

Advanced BioFuels USA