The biofuel industry plays a key role in the global push for cleaner, sustainable energy. By offering alternatives like ethanol, biodiesel, and advanced biofuels from non-food sources, it helps reduce greenhouse gas emissions, enhances energy security, and supports rural economies.
The biofuel market is projected to grow annually by 20%, reaching 58 million metric tons by 2030, from 16.5 million metric tons in 2023, highlighting the overall increase in biofuel production volume.
Total biofuel demand rises 23% to 200 billion litres by 2028, with renewable diesel and ethanol accounting for two-thirds of this growth, and biodiesel and biojet fuel making up the remainder.
The global biofuel production market w
The biofuel market is projected to grow annually by 20%, reaching 58 million metric tons by 2030, from 16.5 million metric tons in 2023, highlighting the overall increase in biofuel production volume.
Total biofuel demand rises 23% to 200 billion litres by 2028, with renewable diesel and ethanol accounting for two-thirds of this growth, and biodiesel and biojet fuel making up the remainder.
The global biofuel production market w