The energy sector is hitting breakthroughs as far as research and development of affordable and renewable energy is conserved. The biodiesel sector has attracted much interest in the recent past. As of 2018, the research for biodiesel achieved significant progress, with particular emphasis on ensuring that sustainable growth is achieved. The strides that have been realized so far have seen increased consumption of up to 2.6 billion gallons of biodiesel over the last two years. The preference in terms of usage of biodiesel in vehicles has substantially increased to nearly five percent of all road vehicles.

With the increased emphasis on research and development, there is expected to be a sustainable increase in the consumption of biodiesel by up to 10 percent in 2030. To make this milestone realizable, a strong policy of innovation, reduced costs of biodiesel, and advancement in biodiesel consumption should be put in place by different jurisdictions across the globe.

More countries, led by the US, are progressively boosting their biodiesel production capacities. In the United States, in particular, the biodiesel production capacity has been expanded to up to 6.9 billion liters of the valuable commodity in 2018. Other countries, including Brazil, Indonesia, Germany, and Argentina, follow suit with production capacities of between two and six billion liters of biodiesel per year.

The demand for biodiesel to power vehicles is expected to increase in different countries across the globe substantially. China, in particular, is expected to boost its production capacity by up to 16 percent, the highest forecasted annual production growth so far. Between the years 2019 and 2024, other countries, including the South East Asian countries, India, and Brazil are expected to experience and annual production growth of 9 percent, 11 percent, and 3.5 percent respectively.

To fuel demand for biofuels and their utilization in different scenarios across the globe, more biodiesel is expected to be produced to the required standards that will meet the aviation fuel standards. If this milestone is achieved, the demand for biodiesel and its utilization in the shipping and aviation industries is expected to shoot. The scaling up of demand for biofuels will proportionally increase in all suitable sectors, fueled by the affordability and ready availability of the renewable source of energy.

About The Author
John Kaweske is an Entrepreneur, Consultant, and Biodiesel Expert in Colorado Springs, Colorado. He is the President of Bio Clean Energy, S.A., a biodiesel holding company with diversified assets in the clean energy sector in Sao Paulo, Brazil. In 2018, John and Bio Clean Energy won a $36 million contract with the Bolivian Government, sparking his incredible start in the clean energy sector. Today, John Kaweske continues his work in business, and maintains a monthly meditation blog.

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