Insight
Majors' biofuels benchmarking 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Biofuels is becoming an increasingly important part of oil and gas companies to decarbonise their downstream operations. From 2024 to 2030, the Majors will increase their biofuels capacity by 41%, outpacing global demand growth of 30%. However, their contribution to our forecast of global biofuels capacity is only 5% in 2030, much lower than their current share of 12% in global crude refining. Despite biofuels’ margins falling this year, government policies remain supportive to encourage further investment. And we expect selected M&A and organic growth initiatives in biofuels will remain part of Majors’ ongoing decarbonisation efforts.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Market Report
US wind energy monitor: Q4 2024
Highlights market dynamics impacting the US onshore and offshore wind power industries.
$5,000
Market Report
US energy storage monitor: Q4 2024
The US Energy Storage Monitor provides the current state and outlook for grid-scale, residential, and non-residential storage segments.
$5,000
Market Report
US Solar Market Insight: Q4 2024
US Solar Market Insight™ (SMI) is a quarterly publication on the state of the US solar market.
$7,500
