The forecast for the consumption of blended biodiesels in the iron and steel sector in France shows a steady year-on-year growth from 2024 to 2028, with values increasing from 2.86 Gigawatthours in 2024 to 3.17 Gigawatthours in 2028. In 2023, actual consumption stood at 2.80 Gigawatthours, meaning a 2.14% annual growth rate, with an expected compound annual growth rate (CAGR) of about 2.6% for 2023-2028.
Future trends to watch for:
- Regulatory changes in the EU which may accelerate renewable energy adoption.
- Technological advancements reducing costs in biodiesel production.
- Competitive pressures from alternative energy sources.
