Advanced Biofuels Canada releases annual biofuels report
In Canada, Advanced Biofuels Canada (ABFC) announced the release of its sixth Biofuels in Canada (BIC) report.
The report evaluates Canadian renewable and low carbon fuel policies and their impact on fuel consumption, greenhouse gas (GHG) emissions reduction, and consumer costs.
According to the new edition of the report, biofuel consumption in Canada has reduced consumer fuel costs by $ 971.3 million over the last decade.
Ethanol use in Canada declined in 2020 by 11% below 2019 as a result of the pandemic, but less than gasoline’s decline. Meanwhile, biomass-based diesel use increased 13% from 2019 to 2020.
“With every annual update, this report’s message rings more clear: advanced biofuels’ GHG reductions will only grow and become more critical to Canada’s climate goals,” stated ABFC President Ian Thomson. “And amidst turmoil in global energy markets, billions of liters that supplement tight fossil fuel markets are saving Canadians billions of dollars every year. A surge in new capital spending and job creation to build world-scale advanced biofuel production facilities will also add to our energy security by reducing reliance on imported gasoline, diesel, and jet fuel – bringing even more jobs back to Canada.”
Category: Fuels
