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India’s average ethanol blending rate with petroleum for calendar year 2022 is estimated at 9.3 percent. India’s position as a structural surplus sugar producer and gradual utilization of alternative feedstocks will drive supply, while a 35 percent increase in offtakes by parastatal oil marketing companies for ethanol blending will drive demand.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

Demand for ethanol is expected to increase by an average of five percent annually in the near future in order to meet the 10 percent mandated ethanol blend.

With full implementation of a 7 percent blend in 2015, biodiesel production is forecast to reach 537 million liters, up from 359 million liters in 2014.

China is a major producer of biofuels and production continues to increase.