In 2023, bioenergy final consumption in the UK’s chemical and petrochemical sectors stood at 11.7 thousand Terajoules. The forecast from 2024 to 2028 indicates a steady increase, with a compound annual growth rate (CAGR) of approximately 3.1%. Predictions show values rising consistently, from 12.2 thousand Terajoules in 2024 to 14.18 thousand Terajoules in 2028. This reflects a clear upward trend, showcasing a growing adoption of bioenergy within these industries.
Future trends to watch for include:
- The impact of government policies on renewable energy incentives.
- Technological advancements improving bioenergy efficiency.
- Shifts in market demand towards sustainable chemical production.
- Regulatory developments affecting the overall energy consumption in the industrial sector.
