The consumption of primary solid biofuels in the UK’s chemical and petrochemical sector is projected to grow steadily from 2024 to 2028, with values increasing from 1.28 to 1.6 thousand terajoules. This forecast indicates a consistent annual growth rate, reflecting an increased focus on sustainable energy sources. In 2023, the value of consumption stood at 1.20 thousand terajoules, suggesting a positive upward trajectory for the coming years.
Key trends to watch for include:
- Technological advancements in biofuel production increasing efficiency.
- Policy changes boosting renewable energy adoption in the industrial sector.
- Market dynamics influenced by shifts in oil and gas prices.
