In 2024, the chemical and petrochemical sector's final consumption of renewables and biofuels in the UK is forecasted to reach 835.01 Gigawatthours, a marked increase from the previous year, 2023. Year-on-year growth from 2024 to 2028 remains robust, underscoring a consistent upward trend, highlighted by a 2025 increase to 884.76 Gigawatthours and peaking in 2028 at 1030 Gigawatthours. This represents strong compound annual growth for the latter half of the decade, reflecting an increasing shift towards cleaner energy sources within the sector.
Future trends to watch:
- Policy changes promoting sustainable practices and their impact on sector adoption rates.
- Technological advancements in renewable energy that may enhance efficiency and appeal within the sector.
- Potential shifts in global energy markets affecting renewable energy consumption patterns in the UK.
