The chemical and petrochemical sector in Germany is seeing a steady forecasted increase in the consumption of renewables and biofuels up to 2028, starting from 3.57 thousand terajoules in 2024 to 3.91 thousand terajoules in 2028. In 2023, the consumption stood at 3.48 thousand terajoules. The year-on-year growth rate shows a consistent increase of approximately 2.52% annually from 2023 to 2028. This trend highlights a significant and deliberate shift towards sustainability in energy consumption within the sector.
Future trends to watch for include advancements in biofuel technology, regulatory changes promoting renewable energy, and investment patterns in green technologies, which may accelerate the transition beyond current projections.
