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Global biofuel capacity is projected to grow to 61.4 BGY in 2018 driven by novel fuels and novel feedstocks as the industry continues to transition away from first-generation ethanol and biodiesel fuels. Next-generation biofuels, like cellulosic ethanol, waste-oil-derived bioidesel, and renewable diesel, is expected to grow to 1.7 BGY of capacity by 2018. These novel fuels and novel feedstocks will drive long-term biofuel capacity expansion as leading companies will build facilities in emerging markets with strong government mandates and feedstock availability.
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