Chinese PV module maker Haitai Solar lists in Beijing
Aug 08, 2022 8:41 CESTDecember 10 (Renewables Now) - Biofuels will continue to play a much more significant role than electricity in boosting the share of renewables in transport in the next few years, but that share will not increase significantly.
Аccording to a new energy market analysis by the International Energy Agency (IEA), renewables in transport demand will grow from 3.4% in 2017 to 3.8% in 2023. Biofuels will account for almost 90% of renewables demand in transport in 2023, leaving roughly 10% for electromobility.
Biofuels production will reach 165 billion litres by the end of the forecast period, rising by 15%. Two-thirds of that will be due to fuel ethanol growth. In 2017, the global production of ethanol arrived at 104 billion litres, up 3% year-on-year. IEA expects the average annual growth rate by 2023 to be 2%, with ethanol output reaching 119 billion litres that year. China’s share will be increasing, but the US and Brazil will continue to dominate ethanol production globally.
Chinese PV module maker Haitai Solar lists in Beijing
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