In 2023, the final consumption of primary solid biofuels in Germany's chemical and petrochemical sector stood at 1.52 thousand terajoules. From 2024 to 2028, the consumption is forecasted to rise steadily from 1.56 to 1.7 thousand terajoules, indicating a consistent year-on-year increase. The compound annual growth rate (CAGR) over this period is approximately 2.2%, reflecting gradual adoption and a positive trend in utilizing biofuels in this sector.
Future trends to watch for include advancements in biofuel technology, government incentives for renewable energy, and potential changes in regulations impacting the chemical and petrochemical industries. The shift towards sustainability and carbon neutrality will likely drive further interest and investment in biofuels.
