BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Agriculture

World biodiesel production/consumption to rise 14% by 2020: OECD/FAO

LNG | Natural Gas

New horizons: The forces shaping the future of the LNG market

Agriculture | Biofuels

Biofuelscan

Commodities | Agriculture | Biofuels | Sugar

Miami Sugar Conference, 6th Annual

Petrochemicals

Panorama del segundo semestre: La oferta mundial de propileno seguirá siendo abundante

World biodiesel production/consumption to rise 14% by 2020: OECD/FAO

Highlights

Global biodiesel production and consumption is forecast to rise by 14% from 2016 to 2020, driven by the fulfillment of current biofuel policies in the US, Argentina, Brazil, Indonesia and the EU, according to an Agricultural Outlook released late Monday by the Organization for Economic Cooperation and Development and the UN's Food and Agriculture Organization.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

This amounts to an increase in production to 37.9 billion liters in 2020 from 33.2 billion liters in 2016 and an increase in consumption to 38.1 billion liters in 2020 from 33.5 billion liters in 2016.

Just under half of the rise in biodiesel production was expected to come from vegetable oil feedstocks, although waste-based production was forecast to grow by 53% to 4.4 billion liters. The growth in waste-based biodiesel is expected to continue mainly in the EU and the US.

The OECD also projects a more modest 5% increase in global ethanol production and consumption to 125.1 billion liters from 119.3 billion liters and to 126.1 billion liters from 119.9 billion liters, respectively, with sugar cane production in Brazil and Thailand making up around half of the growth.

Article Continues below...



The report predicts a recovery in international prices for ethanol and biodiesel in nominal terms, considering developments in crude oil and biofuel feedstock prices.

Biofuel trade is expected to be limited, with most biodiesel exports flowing from Argentina to the US, while the majority of ethanol exports are expected to originate from the US, where the blend wall places a cap on domestic demand.

A variety of assumptions about biofuel policy through to 2025 were made, including that the US advanced biofuel mandate will expand and the biodiesel blender's credit will not be reinstated.

In the EU and Brazil, biofuel policy is expected to remain relatively unchanged, while Argentina is forecast to raise its biodiesel mandate and India to enforce an 10% ethanol (E10) mandate.

--Chrysa Glystra, chrysa.glystra@spglobal.com
--Sean Bartlett, sean.bartlett@spglobal.com
--Edited by Jonathan Fox, jonathan.fox@spglobal.com