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
Insight
Energy Efficiency Benchmarking For Global Refineries
WoodMac’s Energy Intensity index: Benchmark and improve energy performance
$900
Insight
CCUS: 2024 in review
Our recap of the key events, themes and statistics across the global CCUS industry in 2024.
$1,250
Insight
Energy Efficiency Benchmarking For Global Refineries (with dataset)
WoodMac’s Energy Intensity index: Benchmark and improve energy performance
$900
