Marine biodiesel demand to more than double by 2031 without IMO framework – IEA

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The IEA forecasts global marine biodiesel demand to increase from just under 1 billion litres annually in 2025 to nearly 2 billion litres by 2031. The forecast assumes the IMO does not adopt its proposed Net-Zero Framework, whose emissions rules could affect demand.

Global marine biodiesel demand will rise from just under 1 billion litres/year (around 890,000 mt/year) in 2025 to nearly 2 billion litres/year (around 1.78 million mt/year) by 2031, the International Energy Agency (IEA) forecasts. That estimate assumes the IMO does not adopt its Net-Zero Framework, the global rules it has approved to cut GHG emissions ...