NewEnergyNews: SLOW STEADY GLOBAL BIOFUELS GROWTH

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    Friday, September 25, 2015

    SLOW STEADY GLOBAL BIOFUELS GROWTH

    Biofuels Capacity to Grow to 61 BGY in 2018; Ethanol and biodiesel continue their domination but remain relatively flat, while novel fuels and novel feedstocks grow at double-digit rates…

    September 22, 2015 (Lux Research)

    “Global biofuels capacity will grow to 61 billion gallons per year (BGY) in 2018, up from 55.1 BGY in 2014. Ethanol and biodiesel will continue to dominate with 96% of the capacity in 2018, but novel fuels and novel feedstocks will be major drivers of capacity growth, according to Biofuels Outlook 2018: Highlighting Emerging Producers and Next-generation Biofuels from Lux Research…With a 52% share, biodiesel made from novel feedstock, specifically waste oils, will lead novel fuels capacity in 2018. Cellulosic ethanol and renewable diesel follow with 19% and 18%, respectively…With a 64% share of global biofuels capacity, the Americas are a dominant force. The region, led by the U.S. and Brazil, also leads in utilization of global production capacity with 86%, much higher than the global average of 68% in 2014….China, Indonesia and Thailand in Asia; Colombia and Argentina in the Americas; and Portugal, Poland and France in Europe are the biggest emerging production centers…” click here for more

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