World markets for conventional and advanced biofuels over the next five years

Production of transport biofuels grew by just 2% in 2017. To achieve the 2030 SDS target, use of biofuels needs to triple, driven by cost reductions of advanced biofuels, widespread sustainability governance and more adoption in aviation and marine transport. This presentation provides an overview of the market prospects for conventional biofuels over the next five years. It would analyse the current status of deployment and costs for novel advanced biofuels. It would also draw comparisons with electric cars, the extent of their renewable electricity utilisation and decarbonisation potential. It would include the contribution of renewables to road transport demand over the next 5 years and focus on the main biofuels available to decarbonise road freight, now and in the long term. Finally, it will present a case study from India, focusing on ethanol-based chemicals.