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The People’s Republic of PRC (PRC) bio-based diesel (BBD) exports are expected to drop following the EU provisional antidumping duties of up to 36.4 percent on biodiesel and hydrogenation-derived renewable diesel (HDRD), though sustainable aviation fuel will provisionally be excluded from further duties.
Thailand’s newly proposed National Energy Plan (NEP) lowered the on-road biofuel consumption target to reflect the lower mandated blend rate for biodiesel and set a target for Sustainable Aviation Fuel (SAF) from 2026.
The People’s Republic of China (PRC) National Energy Administration (NEA) announced 22 pilot projects on March 29, 2024, for the promotion and application of biomass-based diesel (BBD).
From September 26 to 27, 2023, the People’s Republic of China (PRC) National Energy Administration (NEA) organized a meeting on pilot programs for biodiesel promotion and application in Shanghai to learn relevant experience and practices, exchange and analyze the development of the country’s biodiesel industry, and study and deploy next steps.
In 2023, China’s biofuels policies continue to wane as a priority for the People’s Republic of China (PRC). Post forecasts China to produce and consume 3.9 billion liters of fuel ethanol in 2023, only slightly higher than 2022 consumption despite the end of “Zero Covid.”
Thailand is likely to lower biofuel consumption targets in the new AEDP 2022 due to expected lower fuel demand after 2027. The Thai government anticipates more electric vehicles on the road and increased rapid mass transit system, as well as double-track railway routes.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
China’s biofuels policies continue to wane as a priority for the People’s Republic of China (PRC) and investment in the sector has declined. Post estimates China’s 2022 ethanol blend rate at 1.8 percent, down from 2021 and well below the peak blend...
Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
The government reduced the biodiesel mandatory blend rate from 10 percent to 7 percent in 2022. However, the current blend rates during February 5 – March 31, 2022, were set in range with a minimum of B5 for diesel fuel to help curb retail prices of diesels.