Asia Bets on Biofuels to Dodge Middle East Oil Shortages
OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal Greenergy’s Immingham biodiesel plant is… Felicity Bradstock is a writer and journalist based in Mexico City.
She writes for energy websites and covers several other industries, as well as writing… Interest in developing biofuels has fluctuated and has been strongly driven by global energy trends.
In 2024, following the COVID-19 pandemic, the international call for a green transition, and the increased focus on developing cleaner fuels to decarbonise hard-to-abate industries, interest in biofuels grew.
Biofuels were expected to play a major role in the global green transition by helping to decarbonise industries that could not simply shift to renewable electricity, such as aviation.
However, this interest waned in 2025, as several companies backtracked on their green energy targets.
Biofuels areproducedby heating biomass feedstocks (plant materials) rapidly at high temperatures (500°C-700°C) in an oxygen-free environment or by using gasification, hydrothermal liquefaction, or low-temperature deconstruction.
Ethanol and biodiesel are the two most widely used biofuels, although other feedstocks can be used to produce alternative biofuels.
Typical feedstocks include sugar cane, corn, and soybeans, most of which produce low-carbon fuels that can be used in existing engines.
In 2024, the International Energy Agency (IEA) said itexpectedthe use of biofuels to increase significantly by 2030, with a much larger proportion of these fuels produced from waste, residues, and non-food crops, thereby making them more sustainable.
The demand for biofuelroseto 4.3 exajoules (EJ) in 2022, thereby surpassing pre-pandemic levels.
The IEA suggested that to meet net-zero emissions targets by 2050, global biofuel production would need to increase to 10 EJ by 2030.
SetOilPrice.comas a preferred source in Googlehere.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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