
Biofuel use expands in 2022 despite rising costs
According to International Energy Agency (IEA), global biofuel demand will expand by 35 000 MLPY or 20% over 2022-2027 in the main-case forecast. Renewable diesel and biojet fuel consumption growth are almost entirely in advanced economies. Policies designed to reduce GHG emissions are driving demand because these fuels can be produced with low GHG […]