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, Says Lux Research
(firmenpresse) - BOSTON, MA -- (Marketwired) -- 09/22/15 -- 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 .
Novel fuels and novel feedstocks will grow at a rapid 27% and 16% compound annual growth rate (CAGR), respectively, through 2018. Ethanol and biodiesel will grow at a slower 2% rate but will reach capacities of 40 BGY and 19 BGY, respectively.
"While ethanol and biodiesel dominate global biofuel capacity today, limits on their growth mean that novel fuels like renewable diesel, biojet fuel and biocrude are crucial to the future of the industry," said Victor Oh, Lux Research Associate and lead author of the report titled, "."
"Producers also need to tap into novel feedstocks like waste oils, non-edible biomass, and municipal solid waste to push the industry beyond food-vs.-fuels competition," he added.
Lux Research analysts studied growth of biofuels utilizing an alternative fuels database of over 1,800 production facilities globally. Among their findings:
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 for biofuels after the U.S. and Brazil.
The report titled, "Biofuels Outlook 2018: Highlighting Emerging Producers and Next-generation Biofuels," is part of the Lux Research service.
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit for more information.
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Datum: 22.09.2015 - 11:30 Uhr
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