After more than a decade of healthy growth
for conventional biofuels like ethanol and biodiesel, the next wave of advanced
biofuels is nearing commercialization. The pool of commercially available
biomass-derived fuels is expanding to include advanced fuels derived from
non-food feedstocks and drop-in synthetic substitutes for gasoline, diesel, and
kerosene-based jet fuel. According to a new report from Navigant
Research, worldwide biofuels production will grow from 33.6 billion gallons
per year (BGY) in 2013 to 61.6 BGY in 2023.
