New technologies to drive global biofuels demand to 67 bn gallons in 2022

Advanced biofuels will nearly double in 5 years to 9.6 billion gallons per year, says Lux Research

Premium

<a href="http://www.shutterstock.com/pic-118958659/stock-photo-green-fuel-nozzle-eco-friendly-and-biofuel-concept.html?src=FaaDHUMq1SxGsdV3QEVEOA-1-20" target="_blank">abc</a> image via Shutterstock.

BS B2B Bureau Boston (USA)

Last Updated : Feb 18 2017 | 4:02 PM IST

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 billion gallons a year (BGY) in 2022, from 59 BGY in 2016.

“A new era of technology commercialisation has brought the global biofuels industry to the cusp of a tipping point, as new facilities target low-carbon and high-performance drop-in biofuels. With many of the technologies

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in