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Recent news items demonstrate the significant growth expected
from biofuels globally as biofuels are still seen as an important stepping
stone in transport decarbonisation strategies.
The International Energy Agency (IEA) predicts that
biofuels demand is likely to grow by 28% between now and 2026. This is
equivalent to 186 billion litres in 2026. However, it is estimated that demand actually
needs to double to match the IEA’s net zero scenario. Although the IEA
accounted for this doubling in its “accelerated scenario”, its achievement is
highly depended on cost, sustainability and addressing potential technical
limitations. While demand is rising rapidly, markets and supplies are
struggling to keep up and prices remain high, in part due to Covid related
impacts on international transport and logistics. This year, Argus European
biofuel and feedstock prices have hit record highs. The 2021 average price of
FAME was 86% higher than in 2019...
Other news this month includes:
- Advanced biofuels coalition on EU 'Fit for 55'
- US refiners building up short position on low carbon fuel credits
- Winners of the Green Fuels, Green Skies (GFGS) competition
- India to examine alcohol to jet (AtJ) opportunities
- Biomethanol to Gasoline opportunity
Research and Development
- Haldpr Topsoe publish fuel dewaxing White paper
- EU’s bioethanol potential from wheat straw
and maize stover
- Mazda takes part in Japanese Super Taikyu Race powered by next-generation
- HVO plant for Brazil
Aviation and Shipping Biofuel
- Aviation Climate Task force to address aviation decarbonisation
- Green methanol for Danish Tug