Rystad Energy: Biofuel supply is not keeping up with demand
Rystad Energy has warned that potential maritime demand for biofuels is continuing to grow but the production capacity is not keeping up while shipping will face strong competition from other sectors.
According to Rystad Energy, the shipping industry’s push toward net-zero carbon emissions is driving increased demand for biofuels, which are compatible with existing ship engines and can be integrated relatively easily. Despite this growing interest, current production capacity for biofuels such as biodiesel and bio-liquefied natural gas (bio-LNG) falls significantly behind demand.
Rystad Energy analysis indicates that unconstrained demand for biodiesel already exceeds global supply, with a similarly limited
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