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). The report, titled “Biofuels Outlook 2022: The Dawn of a New Era in Global Biofuel Capacity Expansion,” is part of the Lux Research Alternative Fuels Intelligence service. “Biofuels, which are made by converting biomass into fuel, have the potential to be a major source of renewable energy in many parts of the world,” said John Reilly, senior vice president at
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). “Biofuels, which are made by converting biomass into fuel, have the potential to be a major source of renewable energy in many parts of the world,” said John Reilly, senior vice president at