(Navigant Research) Viewed as a game changer in the race to commercialize advanced biofuels, aviation and marine biofuels represent a very significant opportunity for emerging producers in the advanced biofuels industry. Demand for advanced biofuels produced from sustainable, non-food feedstocks is largely driven by a need to hedge against increases in fuel costs, compliance with emerging emissions regulations, and certification of advanced biofuels pathways. Lacking a viable alternative to liquid fuels, aircraft manufacturers, turbine engine manufacturers, and commercial airlines have partnered in flying more than 600,000 miles powered by biofuels since 2008. Additional concerns around energy security and combat readiness has led to a deepening interest within the U.S. military.
Although the emerging aviation and marine biofuels market has expanded rapidly in recent years, feedstock constraints and high capital investment requirements will need to be overcome for the industry to meet aspirational growth targets. Led by North America, installed nameplate production capacity is expected to reach 3.3 billion gallons by 2024, representing 1.5% of total aviation and marine fuel consumption. Navigant Research forecasts that a cumulative total of 18.2 billion gallons to 19.6 billion gallons of renewable drop-in aviation and marine biofuels could be produced between 2014 and 2024, dependent on the two refinery scenarios analyzed in the report.
This Navigant Research report provides forecasts and market sizing for nameplate production capacity and production volumes for advanced aviation and marine biofuels. Forecasts are segmented by geography, conversion platform, and fuel type. The total addressable market size for commercial aviation, marine shipping, and U.S. military applications are discussed. This report also provides a qualitative analysis of key stakeholder initiatives, market drivers, challenges, and technology developments, as well as profiles of key stakeholders across the value chain.
Key Questions Addressed:
- What is the current addressable market for commercial aviation, marine shipping, and U.S. military fuel consumption?
- What is the forecast nameplate production capacity for advanced biorefineries producing drop-in renewable fuels?
- What is the forecast production volume of drop-in aviation and marine biofuels?
- Who are the key stakeholders in the emerging aviation and marine biofuels value chain?
- What are the emerging feedstock opportunities driving the production of aviation and marine biofuels?
