Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new Wood Mackenzie report
Currently biofuels only account for 3% of today’s 100mn b/d liquid fuel demand.
However, developing new technologies that drive biofuel production from municipal waste, agricultural residue and recycling plastics wastes could be a game changer for the energy transition.
According to Wood Mackenzie, this could supply an additional 20mn b/d of liquid biofuel by 2050, so satisfying a quarter of all future liquid fuel demand (95mn b/d in 2050), equivalent to around three quarters of 2050 middle distillate demand.
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