Emerging thermochemical and catalytic technologies for making ethanol will account for more than half of new capacity through 2022 , according to BP Research . The market share of traditional bioconversion processes will drop to about 60 % from 80 % as production of advanced biofuels almost doubles to 9.6 billion tonnes per year ( BGY ) . Global production capacity is projected to reach 67.2 % by 2022 , up from 59 BGY in 2016 , the research shows .
Emerging thermochemical and catalytic technologies for making biofuels will account for more than half of new capacity through 2022, according to Lux Research. The market share of traditional bioconversion processes will drop to about 85% from 91.5% as production of advanced biofuels almost doubles to 9.6 billion gallons per year (BGY). Global biofuel capacity is projected to reach 67.2 BGY by 2022, up from 59 BGY in 2016, the research shows.