|15 February 2017|
The production of advanced biofuels is set to double in five years, according to a new report from Lux Research.
These next generation biofuels, derived from non-food feedstocks, will provide 9.6 billion gallons per year by 2022, the report suggests.
“A new era of technology commercialization 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,” said Runeel Daliah, Lux Research Associate and lead author of the report titled, “Biofuels Outlook 2022: The Dawn of a New Era in Global Biofuel Capacity Expansion.”
“With many of the technologies capable of producing advanced biofuels still at demonstration scale, the next five years will be critical as companies raise capital, establish value chain security and produce commercial volumes as these projects come online,” he added.