By the end of the decade, biofuels are expected to account for 27% of global vegetable oil production - forecast

Imports of used oil from the EU to the US have increased twentyfold as demand for biofuels exceeds supply of vegetable oil: IEA According to the latest report by the International Energy Agency "Renewable Energy 2025," published on October 7, imports of used oil from the EU to the US have increased twentyfold since 2020, increasing pressure on global markets for biofuel feedstock as demand for biofuels exceeds the supply of vegetable oil. The agency predicts that by 2030, demand for biofuel feedstock will reach 825 million metric tons per year, which is 25% more than in 2024. It is expected that by the end of the decade, biofuels will account for 27% of global vegetable oil production and 80% of the expected supply of used oil, reports oilworld.ru citing S&P Global Platts. Trade in used oil has increased sharply According to the IEA, almost 60% of used oil imports into Europe and the US come from China and Indonesia, which underscores the global nature of the supply chain ...