New Publication – Advanced Biofuels – Potential for Cost Reduction
Decarbonising transport will require a range of bio-based transport fuels, and especially advanced low carbon fuels which are suitable for long-haul transport applications including aviation. A number of appropriate technologies to produce such fuels are being developed and commercialised. However so far, their production has only reached a limited scale.
The costs of these advanced biofuels are currently higher than those of the fossil fuels which they can displace and of more conventional biofuels such as ethanol from sugar or corn, or biodiesel. This report consider what scope there is to reduce the production costs of a range of advanced biofuels, and to identify under what conditions they could become affordable.