Global biofuel capacity is projected to grow to 67.2 billion gallons per year (BGY) in 2022, with first-generation biofuels continuing to dominate – albeit at a much slower pace than before. In the next six years, a shift in technologies for new capacity expansion targeting non-food crop-based feedstocks and advanced biofuels will drive industry growth. Emerging thermochemical and catalytic technologies surpass bioconversion processes to make up over half of new capacity deployment for the first time in the biofuel industry’s history. Technologies like hydrotreatment and gasification will drive long-term growth and outcompete others for feedstock supply and fuel market share. A new era of technology commercialization brings the global biofuels industry to the cusp of a tipping point set to alter the future biofuels landscape as new facilities target low-carbon and high-performance drop-in biofuels.
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