Global biofuels to rise to 67 bn gal in 2022

摘要

New biofuel technology is finally starting to push aside traditional biofuels like first-generation biodiesel. New facilities based on non-food feedstocks and producing novel fuels account for over half of new capacity deployment for the first time in the biofuel industry's history, according to Lux Research. However, overall output will grow at a slower pace to 67 bn gal/y in 2022, from 59 bn gal/y in 2016. Lux Research analysts quantified the commercial deployment of new technologies in the global biofuels industry using a database of nearly 2000 facilities from 1461 companies in 90 countries with nameplate capacity data through 2022.