With increasing demands for cleaner energy production and rapidly developing climate change policies, the biofuels industry is developing at pace, with major IOCs and NOCs adapting their long-term strategies to meet ever-increasing green mandates.
Around the world, governments continue to look at ways how to mitigate emissions from households, industry and the transport sector. While some progress has been made with regards to the former two sources of greenhouse gas (GHG) emissions, the latter has proven more difficult to tackle. One approach to improve this is a change in the way biofuels policies are designed. While earlier schemes normally provided for specific volume or percentage targets for the blending of biodiesel or ethanol that needed to be met, more recent efforts focus on GHG savings that transportation fuels need to achieve. This change in emphasis has far-reaching consequences.
8:00 am | Calgary
9:00 am | Houston
10:00 am | New York
3:00 pm | London
6:00 pm | Dubai
10:00 pm | Hong Kong
Director, Refining and Marketing team, IHS Markit
Managing Director, Client Advisory and Development, IHS Markit
In this webinar, our experts discuss the short to long-term impacts of these developing biofuels policies on the sector, as well as the other long-term market challenges the sector is facing, such as feedstock availability, and threat of emerging technologies such as full-scale electrification and hydrogen.
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