Tag: biodiesel

The place of biodiesel as China eyes carbon neutrality

Prices for China’s biodiesel exports have been rising significantly, from less than 7,000 yuan (US$1,050) a tonne in January last year to a record high of over 12,000 yuan (US$1,723) in July this year. The average price in the first seven months of this year also exceeded 11,000 yuan. Biodiesel stocks have also done well on China’s own markets. The main reasons for this are the global trend towards low-carbon development and the Russo–Ukrainian war pushing oil prices higher.

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Biofuel Development Policy in Indonesia: A critical review

Indonesia is one of the world’s biggest energy consumers, with the country’s energy sector accounting for almost 35 per cent  of the total greenhouse gas (GHG) emissions. The report published by the Institute for Essential Services Reform (IESR) called “Critical review on the biofuel development policy in Indonesia” aims to assess the Government’s efforts and policies towards accelerating the development of biofuel, its economic, environmental, and social impact on the country and its potential in the coming years.

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Advanced biofuels market size to surpass $848.6 billion by 2030: Precedence Research

According to Precedence Research, the global advanced biofuels market size is expected to surpass around $848.6 billion by 2030, growing at a CAGR of 38.5 per cent. The global advanced biofuels market size was estimated at $32.6 billion in 2020. According to the report, North America will dominate the global industry due to rising demand for the cleaner burning transportation fuels in the US and Canada.

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