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
Abbey & Baker
The Abbey field lies in the Southern Gas Basin, 40 kilometres northeast of the Easington gas terminal. It was discovered by Amoco in ...
$3,720
Asset Report
Orion (Prudhoe Bay Unit)
The Orion field is a northwest satellite of the Prudhoe Bay field and began production in 2002. The field is being developed as a ...
$3,720
Asset Report
Ambrosio
The Ambrosio block is located in the northern part of Lake Maracaibo. It encompasses the Ambrosio and Urdaneta Este fields. Production ...
$3,720
