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Infographic: Biofuels ambitions rise along with crude oil volatility

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Infographic: Biofuels ambitions rise along with crude oil volatility

  • Author
  • Samyak Pandey    Sampad Nandy    Aditya Kondalamahanty
  • Commodity
  • Agriculture Oil
  • Topic
  • Energy Transition Europe Energy Price Crisis Environment and Sustainability Food Security Infographics War in Ukraine

Major economies have been increasing biofuel blending targets, despite comparatively higher feedstock prices, to cushion them from price volatility in crude oil, which plummeted during the pandemic then escalated due to the Russia-Ukraine war.

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Countries that scaled back or withheld pledged increases in blending targets to temper elevated food prices are now pushing forward with increased blending targets and expanding biofuels production.

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Infographic: Biofuels ambitions rise along with crude oil volatility