The biofuels industry in the US is booming, and a fresh surge in production is just around the corner thanks to increased demand for renewable diesel and sustainable aviation fuels SAFs in the coming years. Rystad Energy research predicts biofuel production in the US will increase by about 53% by the middle of next decade, jumping from 850,000 barrels of oil equivalent per day boepd in 2023 to about 1.3 million boepd in 2035.
The market's momentum has gathered in recent years, and its growth is assured through the end of this decade, but some uncertainty remains into the 2030s. Artem Abramov, Head of Clean Tech Research, Rystad Energy Learn more with Rystad Energy’s Energy Transition Solution. Advanced biofuels such as renewable diesel and SAFs are the key swing factors impacting the market's future.
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Source: TheEconomist - 🏆 6. / 92 Read more »