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
Asset Report
Vermilion Energy France fields
Vermilion Energy is the leading upstream producer in France. Its extensive operated portfolio consists of oil fields in both the ...
$3,720
Asset Report
Cenovus Energy Alberta
Cenovus Energy was formed through a corporate reorganisation of Encana, in which two separate companies were created. The split was ...
$3,720
Asset Report
Bajada del Palo Oeste
Vista Energy acquired Bajada del Palo in 2018. The acquisition was the first after its IPO in 2017. Vista went public first in the ...
$3,720
