Posted 3/25/2024, 9:00:00 PM
US Forecast to Become Top Global Biofuel Producer by 2035, Driven by Renewable Diesel and Sustainable Aviation Fuel Growth
- US biofuel production to reach 1.3 million barrels per day by 2035, a 53% increase from 2023
- Renewable diesel and sustainable aviation fuels (SAFs) seen as key growth drivers
- US to become world's top biofuel producer by 2035, accounting for 40% of global output
- Europe and Brazil next biggest producers but far behind US production levels
- Future growth dependent on technology advancements, EV adoption rates, and feedstock availability