Biofuel Industry News

The global lignocellulosic feedstock-based biofuel market size is estimated to grow by USD 33.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 50.35% during the forecast period. Non-cropland affecting nature of lignocellulosic feedstock is driving market growth, with a trend towards rising ethanol blending rate targets. The SBIR/STTR selected projects include six projects funded through DOE’s Bioenergy Technologies Office (BETO). The BETO funded projects cover the following topics; community-driven agricultural decarbonization, low-carbon liquid biofuels for the aviation, maritime, rail, and medium-to-heavy duty transportation sectors, workforce development, ocean plastics upcycling, and improving plastics compatibilization.

The U.S. Department of Energy (DOE) announced awards totaling $142 million for small businesses through DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Phase II funding. Across DOE, 123 projects in 34 states received funding to pursue clean energy research and development projects. The average Phase II award is $1.1 million for a period of two years. The SBIR/STTR selected projects include six projects funded through DOE’s Bioenergy Technologies Office (BETO). The BETO funded projects cover the following topics; community-driven agricultural decarbonization, low-carbon liquid biofuels for the aviation, maritime, rail, and medium-to-heavy duty transportation sectors, workforce development, ocean plastics upcycling, and improving plastics compatibilization.

Italy has warned the European Commission that it will only support a solution to unblock the EU's planned phase-out of combustion engine cars by 2035 if it allows the sale of cars running on biofuels to continue after that date.

Sound Crazy? Maybe so, but not so crazy when you break it down. First of all, we are seeing the slow turn of the wheel as the buzz of EVs is starting to wear off and we may be looking at a hangover. They simply are not going to meet the projected level of market penetration in the next decades and the assumed benefits of efficiency and reduced emissions aren’t going to be there.

While some delegates at last week's COP27 climate conference were criticized for arriving by private jet, others arrived in Egypt aboard flights that were described as being emission-free, as they were powered fully by sustainable aviation fuel. The flights were part of a program called "Greenliner," run by Etihad Airways, the national carrier of the United Arab Emirates, as a testbed for sustainable air travel solutions.