In Canada, Advanced Biofuels Canada (ABFC) released its ninth annual Navius Research Biofuels in Canada (BIC) report, the annual quantitative report on Canada’s renewable and low-carbon fuel markets.
The report’s highlights include:
· Biofuel consumption surged in 2023, with renewable diesel (RD) more than doubling to 1.2 BL/yr, biodiesel consumption up 14% (530 ML/yr), and ethanol up 13% (4.0 BL/yr).
· Biofuel content in gasoline was 9.44%, and 6.23% in diesel (up 10% and 68% from 2022, respectively).
· In 2023, biofuels were responsible for 86% of Canada’s 2023 greenhouse gas emission reductions from all clean transportation fuel use, which totaled 11.4 million metric tons of climate change gases.
· In 2023, ethanol had 55% lower carbon emission than gasoline, and biomass-based diesel had 87% lower emissions than diesel.
· Electricity consumption by light-duty vehicles grew by 56% in 2023, on top of 41% growth in 2022.
· In 2023, biofuel blending lowered wholesale gasoline costs by C$0.055/liter and raised wholesale diesel costs by C$0.051/liter.
Tags: Advanced Biofuels Canada, BIC, Canada
Category: Fuels
