Lux Research sees biofuel production capacity hitting 61 billion gallons by 2018

In Massachusetts, global biofuels capacity will grow to 61 billion gallons per year (BGY) in 2018, up from 55.1 BGY in 2014. Ethanol and biodiesel will continue to dominate with 96 percent of the capacity in 2018, but novel fuels and novel feedstocks will be major drivers of capacity growth, according to Lux Research.

Novel fuels and novel  feedstocks will grow at a rapid 27 percent and 16 percent compound annual growth rate (CAGR), respectively, through 2018. Ethanol and biodiesel will grow at a slower 2 percent rate but will reach capacities of 40 BGY and 19 BGY, respectively.