Pure biodiesels production in the UK for 2023 stood at 547.86 thousand tonnes of oil equivalent. Forecasts indicate a steady increase in production from 2024 through 2028. The year-on-year percentage increases are as follows:
- 2024 to 2025: 4.3%
- 2025 to 2026: 4.0%
- 2026 to 2027: 3.8%
- 2027 to 2028: 3.6%
The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is approximately 4.0%.
Future trends to watch for include advancements in biodiesel production technology, fluctuations in feedstock availability, and regulatory changes impacting renewable energy. Additionally, shifting consumer demand for greener fuels and the impact of international policies on emissions could further influence production trends.
