Biofuels are derived from biomass. The two main types are ethanol fuel, which is blended with gasoline, and biodiesel, which is used as a diesel blend or substitute. When quantified in thousands of barrels of oil equivalent per day (boe/d), biofuel output can be compared with daily crude oil production (1 metric ton of oil = 7 barrels). Global biofuel output rose by 3% between 2018 and 2019, driven by the United States and Brazil. Indonesia has multiplied its production by 2.5 over the past four years. Demand for ethanol is greater than that for biodiesel. The largest ethanol producers are the United States and Brazil, which are also the biggest consumers. Biodiesel production is spread more evenly across the United States, Brazil, the European Union and Argentina.
Global Biofuel Production (in thousands of barrels of oil equivalent per day – boe/d)
|United States||717||697||-2.70 %|
|Total World||1 787||1 842||+3.00 %|
Source : BP Statistical Review 2020