NewEnergyNews: WORLD’S ADVANCED BIOFUELS PRODUCTION TO ADVANCE

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    Friday, March 21, 2014

    WORLD’S ADVANCED BIOFUELS PRODUCTION TO ADVANCE

    Aviation and Marine Biofuels; Advanced Drop-In Biofuels for Commercial Aviation, Marine Shipping, and Military Applications: Global Market Analysis and Forecasts

    1Q 2014 (Navigant Research)

    "...[A]viation and marine biofuels represent a very significant opportunity for emerging producers in the advanced biofuels industry. Demand for advanced biofuels produced from sustainable, non-food feedstocks is largely driven by a need to hedge against increases in fuel costs, compliance with emerging emissions regulations, and certification of advanced biofuels pathways...Additional concerns around energy security and combat readiness has led to a deepening interest within the U.S. military...[F]eedstock constraints and high capital investment requirements will need to be overcome...Led by North America, installed nameplate production capacity is expected to reach 3.3 billion gallons by 2024, representing 1.5% of total aviation and marine fuel consumption. Navigant Research forecasts that a cumulative total of 18.2 billion gallons to 19.6 billion gallons of renewable drop-in aviation and marine biofuels could be produced between 2014 and 2024..." click here for more

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