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Biofuels production could rise nearly 70% by 2030
A study co-authored by Chatham House and the Forest Stewardship Council links the projected increase to rising fuel-blending mandates amid the Middle East-linked energy crisis.
OilPrice says global biofuels production could increase by nearly 70% by 2030 as major producing countries expand their fuel-blending mandates.
The outlet attributes the acceleration to the energy crisis triggered by the Middle East conflict, citing findings from a study co-authored by the British think tank Chatham House and the Forest Stewardship Council.
The report points to biofuels such as ethanol, which are typically made from food crops or animal feed and blended into fuel supplies.