The forecast for renewables and biofuels final consumption in the chemical and petrochemical sectors in Italy shows a steady upward trend from 2024 to 2028. Starting at 7.31 thousand tonnes of oil equivalent in 2024, consumption is projected to rise by approximately 1.5% annually, reaching 7.75 thousand tonnes by 2028. This growth indicates a sustained commitment to reducing carbon emissions and increasing the use of sustainable energy sources in these industries. The Compound Annual Growth Rate (CAGR) over this period is indicative of a consistent shift towards greener energy alternatives.
Future trends to watch include advancements in technology that may accelerate this shift, regulatory changes pushing for more stringent emissions targets, and potential economic impacts on the chemical and petrochemical sectors influencing their energy sourcing strategies.
