Decarbonisation Technology - February 2023

new research offering, “Liquid Renewable Fuel Service”, will enable clients to assess the long-term availability and attractiveness of processing various agricultural feedstocks into biofuels. In the long term, municipal waste (including tyres), agricultural residue, and recycling waste plastics could be game-changers and drive biofuel adoption as part of the transition to a circular economy. Virtually none of this material is used as feedstock today. However, if technology delivers, it could supply an additional 20 million barrels per day (b/d) of low-carbon liquids by 2050, as depicted in Figure 6 . The refining sector will have to adapt to unlock the potential of circular, low-carbon liquids. The economics are challenging, so policy support will be needed to make this happen. This would be in national governments’ interest: biofuels can help achieve net-zero targets by converting fossil fuel-based refineries into sustainable businesses that underpin local employment, deliver circularity, and boost security of supply. The conversion of existing sites and the building of new sites to increase petrochemical integration and produce low-carbon liquids





Agricultural residue Forestry

Municipal solid waste Recycled plastic waste

Figure 6 Waste to biofuels 2050 global opportunity, million b/d

are the future business growth opportunities for refining.

Alan Gelder

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