Argentina – 1 Billion Liters
The United States Department of Agriculture (USDA) stated that Argentina made 1 billion liters of biodiesel in 2023. This drop happened because of a few reasons, like not needing much diesel, mixing less biodiesel, and sending out less to other countries. Argentina’s biodiesel industry is protected by a law about biofuels. It says that biodiesel used for official things must be made in local factories using local materials. Since the factories are not using much of their space to make biodiesel, it is not likely they will need to buy any from other places.
Recent Initiatives and Development
- In 2023, Argentina is expected to make 1 billion liters of biodiesel. It was recorded as low production, because of low demand for diesel, a low mixing ratio, and reduced exports.
- Argentina’s ethanol production is expected to decrease by 1% year-on-year in 2023 after three consecutive years of growth, mainly because the severe drought in 2022 significantly impacted sugarcane production.
- On September 9, 2023, Prime Minister Shri Narendra Modi, along with leaders from Argentina, Brazil, Canada, India, Italy, South Africa, the US, Singapore, Bangladesh, Mauritius, and the UAE. These countries introduced the Global Biofuel Alliance (GBA) at the G20 Summit.
List of Top 10 Largest Biofuel Production Countries
Top 10 Biofuel Production Country: According to International Energy System; the demand for biofuel will increase by 11 % in 2024 worldwide. In 2023, the global biofuels market was valued at around 123.98 billion USD with a growth rate of 7.02 %. In 2033, the global biofuel market will reach 243.37 billion USD all over the world.
In 2024; the United States, Brazil, and Indonesia are the top three leading countries in the field of biofuel production. Brazil is a pioneer in the biofuel industry and is recognized as the world’s foremost sustainable biofuel economy.
In this article, we are going to discuss what is biofuel production and the Top 10 Largest Biofuel Production Countries in this World.
Table of Content
- About Biofuel Production
- Top 10 Largest Biofuel Production Countries
- 10. Colombia – 780 Million Liters
- 9. Thailand – 4.54 Million Liters
- 8. Argentina – 1 Billion Liters
- 7. Indonesia – 13.15 Billion Liters
- 6. Canada – 15.142 Billion Liters
- 5. India – 227.124 Million Liters
- 4. China – 3.701 Billion Liters
- 3. Brazil – 15.206 Billion Liters
- 2. European Union – 3.785 Billion Liters
- 1. United States – 6.056 Billion Liters
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