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The global biofuel industry is entering the fast lane of development

/ Saturday, 14 September 2024 /

According to the World Energy Statistics Yearbook 2024 recently released by the UK Energy Research Institute,biofuels continue to play an important role in the global energy market,with biofuel production increasing by over 17%since 2022.Against the backdrop of accelerated global decarbonization,biofuels are increasingly receiving attention and importance worldwide due to their renewability and environmental friendliness.

According to the World Energy Statistics Yearbook 2024 recently released by the Institute for Energy Research(EI)in the UK,biofuels continue to play an important role in the global energy market,with biofuel production increasing by over 17%since 2022.Under the severe challenge of global climate change,the low-carbon transformation of energy structure has become a consensus among governments and the international community.The International Civil Aviation Organization(ICAO)proposes to achieve net zero emissions by 2050,and the International Maritime Organization(IMO)also plans to achieve net zero emissions around 2050.Against the backdrop of accelerated global decarbonization,biofuels are increasingly receiving attention and importance worldwide due to their renewability and environmental friendliness.

Biofuels refer to liquid,gas,or solid fuels produced from organic matter in animals and plants,including bioethanol,biodiesel,biojet,biomethanol,biomethane,etc.Early biofuels were mainly used for applications such as automobiles,power generation,and heating.With the advancement of carbon reduction,biofuels are gradually demonstrating their irreplaceable value in heavy emission fields such as aviation and shipping.

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