The International Energy Agency has cut its near-term forecast for global biofuels production as the COVID-19 crisis triggers the first annual decline in transport biofuels in two decades. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Biofuel output for transport is forecast to reach 186.1 billion liters, or 3.21 million b/d, in 2025, a 14% increase from 2019 levels, according to the central scenario in the IEA’s Renewables 2020 report published Nov. 10. “This is contingent, however, on the health crisis being brought under control and the avoidance of further widespread mobility restrictions,” the IEA said. Although production of ethanol and biodiesel is expected to recover to 2019 levels by late-2021, the IEA’s latest […]