Aviation, maritime demand to fuel global biofuel feedstock race by 2030

Global biofuel demand is poised to shift toward the aviation and maritime sectors by 2030, with increased competition for feedstock waste oils expected to drive up prices, according to the International Energy Agency Oct. 9. The biofuel market is projected to grow annually by 20%, reaching 58 million metric tons by 2030, from 16.5 million metric tons in 2023, highlighting…Global biofuel demand is poised to shift toward the aviation and maritime sectors by 2030, with increased competition for feedstock waste oils expected to drive up prices, according to the International Energy Agency Oct. 9. The biofuel market is projected to grow annually by 20%, reaching 58 million metric tons by 2030, from 16.5 million metric tons in 2023, highlighting…Read More