Marine biodiesel demand to more than double by 2031 without IMO framework – IEA
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 ...
The International Energy Agency (IEA) predicts global marine biodiesel demand could more than double by 2031 without the International Maritime Organization (IMO) implementing its Net-Zero Framework. Currently, marine biodiesel makes up just 0.6% of total marine fuel use in 2031, but without IMO regulations, it could account for 1% of renewable energy growth in shipping.
Europe, with its FuelEU Maritime regulation, will drive four-fifths of marine biodiesel demand growth. Asia Pacific will see the largest share of this increase, with marine biodiesel use potentially reaching 6 billion litres/year by 2031, nearly double Europe's consumption.
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