Corporate Banner
Satellite Banner
AgriGenomics
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

Global Biofuels Production Will Reach Nearly 62 Billion Gallons by 2023, Says Report

Published: Tuesday, April 09, 2013
Last Updated: Tuesday, April 09, 2013
Bookmark and Share
After more than a decade of healthy growth for conventional biofuels like ethanol and biodiesel, the next wave of advanced biofuels is nearing commercialization.

The pool of commercially available biomass-derived fuels is expanding to include advanced fuels derived from non-food feedstocks and drop-in synthetic substitutes for gasoline, diesel, and kerosene-based jet fuel. According to a new report from Navigant Research, worldwide biofuels production will grow from 33.6 billion gallons per year (BGY) in 2013 to 61.6 BGY in 2023.

"North America is leading the transition to advanced biofuels, but healthy growth in Europe, Asia Pacific, and Latin America is helping to diversify the fuel supply for a range of transportation applications," says Mackinnon Lawrence, principal research analyst with Navigant Research. "Although the scale-up of new production capacity will face significant headwinds in the coming decade, global biofuels production is anticipated to grow at a compound annual growth rate of six percent from 2013 and 2023--almost twice as fast as the growth rate for fossil-based gasoline, diesel, and jet fuel over the same period."

Today, obligatory and voluntary ethanol and biodiesel blending mandates are set in more than 40 countries. At the same time, supply-oriented policies, like the Renewable Fuel Standard in the United States and Renewable Energy Directive in the European Union, call for rapid acceleration in the production of advanced biofuels. Global biofuels production will exceed the aggregated volume of blending mandates by 2020, according to the report, even as the anticipated rollout of supply targets will exceed actual production in that same year. The next ten years will likely see a shakeup of existing policies around biofuels to better calibrate policy objectives and actual production, the study concludes.

The report, "Market Data: Biofuels", provides forecasts, market sizing, and market share analysis for conventional ethanol, advanced ethanol, biobutanol, biodiesel, green diesel, synthetic gasoline, and renewable jet fuel. The report also includes comprehensive data and forecasts for biofuels blending and supply-oriented policies. The total volume of biofuels produced by fuel type and market penetration in retail fuel markets is forecast through 2023, segmented by world region and key countries and sub-regions. An Executive Summary of the report is available for free download on the Navigant Research website.


Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,200+ scientific posters on ePosters
  • More than 4,700+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.


Scientific News
Open Source Seed Initiative – A Welcome Boost to Global Crop Breeding
A team of plant breeders, farmers, non-profit agencies, seed advocates, and policymakers have created the Open Source Seed Initiative.
Four Newly-Identified Genes Could Improve Rice
A Japanese research team have applied a method used in human genetic analysis to rice and rapidly discovered four new genes that are potentially significant for agriculture. These findings could influence crop breeding and help combat food shortages caused by a growing population.
“Amazing Protein Diversity” Discovered in Maize
The genome of the corn plant – or maize, as it’s called almost everywhere except the US – “is a lot more exciting” than scientists have previously believed. So says the lead scientist in a new effort to analyze and annotate the depth of the plant’s genetic resources.
Invasive Species Could Cause Billions in Agriculture Damages
Invasive insects and pathogens could be a multi-billion-dollar threat to global agriculture and developing countries may be the biggest target, according to a team of international researchers.
Genetic Research Can Significantly Improve Drug Development
With drug development costs topping $1.2bn (£850 million) to get a single treatment to the point it can be sold and used in the clinic, could genetic analysis save hundreds of millions of dollars?
What Makes a Good Scientist?
It’s the journey, not just the destination that counts as a scientist when conducting research.
Scoliosis Linked to Disruptions in Spinal Fluid Flow
A new study in zebrafish suggests that irregular fluid flow through the spinal column brought on by gene mutations is linked to a type of scoliosis that can affect humans during adolescence.
More Research Needed to Ensure Gene Drive Safety
Gene-Drive modified organisms are not ready to be released into environment a new report calls for more research and robust assessment.
Genetic Basis of Petunia Variation Uncovered
A large international team of researchers, including scientists from Wageningen University, have now sequenced the entire genome of two different wild petunia species, and published this in the important scientific journal Nature Plants.
Genetically Engineered Crops Are Safe
Distinction between genetic engineering and conventional plant breeding becoming less clear, says new report on GE crops.
Skyscraper Banner

SELECTBIO Market Reports
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,200+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,700+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!