NNFCC News Review: Biofuels Issue 119, February 2022

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Foreword

Biodiesel, commonly produced from vegetable oils – mainly rapeseed and soybean, animal fats and used cooking oil, is a cleaner-burning alternative to petroleum diesel. The global biodiesel market is expected to be valued at around £18 billion in 2022, and in 2019, approximately 41 billion litres of biodiesel were globally produced. 2020 saw the first decline in overall global biofuels production and supply after five consecutive years of growth, due to reduced transport activity from COVID-19. However, biodiesel was less affected than other biofuels, as a major proportion of biodiesel consumption is for goods transportation, which the pandemic had lesser effect on, than personal mobility.

According to the UK’s Department for Transport (DfT), 1,614 million litres-equivalent of biodiesel were supplied in 2020. In terms of the 2021 obligation year, by the end of December, DfT had verified 60% of the total 2021 renewable fuel supply, and thus far, 700 million litres-equivalent of biodiesel supply were verified, all of which was produced from waste feedstocks...

Other news this month includes:

Policy

Valero questions US support for aviation fuels
Latest DFT renewable fuel statistics
UK Transport Select Committee calls for alternative to plug tax gap

Markets

BSBIOS signs agreement with Cobra for investment and construction of Omega Green HVO biorefinery
Phillips 66 gears up for renewable fuels sales on US fuel forecourts
More...

Research and Development

Trials Using Biofuels on Spliethoff Group Vessels
CBH leads Australia-first biofuel trial on sustainable barley shipment

Bioethanol

Rayonier Advanced Materials announces investment in second generation bioethanol plant