Production tech takes biofuel market ‘to the cusp of a tipping point’

A new report from Lux Research suggests that the global biofuels market will grow from 58 billion gallons per year (BGY) in 2016 to 67 BGY in 2022. Within this, the market for “advanced novel biofuels” will nearly double, reaching 9.6 BGY. First-generation fuels like traditional biodiesel, it suggests, will “lose out to these newer low-carbon fuels.”