info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

United States Biofuel Market to Dominate the Energy Market

By Shubhendra Anand , 18 April, 2024

The biofuel market is expanding significantly with the green energy transition process in 2024. Countries worldwide are contributing in various ways to level up the process of the transition to clean energy. Biofuel production is targeted to aid the transformation in the upcoming years. The United States aims to produce biofuels in large amounts to dominate the world market by the end of 2035, as to research in 2024.
 
Research conducted for biofuel production in 2024 suggests that the United States claims to produce biofuels equal to 1.3 million barrels of oil per day. The United States expects to reach the target by 2035 with an increase of 53 percent over the current production rate. The main reason behind the demand for biofuels is the clean energy transition. With the wide adoption of clean energy transition, the demand for renewables is growing daily. Therefore, the energy market considers the production of biofuels as an essential aspect of achieving clean energy transition by the end of 2050. Simultaneously, the demand for sustainable aviation fuels (SAFs) fuels biofuel production is increasing.
 
Biofuels consist of natural, plant-based products that produce fuel, unlike conventional oil and gasoline production methods for the energy market. Therefore, the method claims to speed up the decarbonization of the environment. The transportation sector globally aims to shift to biofuels by reducing the usage of conventional fuels. It tries to set up an electric vehicle position in the automotive market that is strong enough with many EV infrastructures. However, the production of biofuel seems more practical and cost-friendly. Therefore, to limit the emissions of harmful gases, the energy market is trying to produce a more significant number of biofuels. The new survey on the production of biofuels in the United States claims that it will be the leading nation in the fuel sector by the end of 2035. The United States will dominate the world with the production of diesel and, at the same time, with advanced biofuels by the end of 2035.
 

Demand for biofuels to grow in the upcoming years

US-BIOFUEL.jpg

Latest News

market.png
Renewable Energy Production Slows down due to Lack of Transformers

Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental…

Read More

period.png
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024

Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…

Read More

Amazon.png
Amazon Enables News Technologies to Help its Business Customers

Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…

Read More

2023.png
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024

Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…

Read More

2023.png
China to Boost Oil and Gas Production from New Sources in 2024

China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas…

Read More

Author Pic
Shubhendra Anand

Head Research